Is 49631, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 49631 was a Seller's Market.
Housing Prices in 49631, MI
How much do homes in 49631, MI cost?
Median Sold Price
$178,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49631 was $178,000 in April 2024, up 14.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.2K | $142.2K | -1.4% |
2 Bedrooms | $110K | $165K | +50.0% |
3 Bedrooms | $164.9K | $191.7K | +16.3% |
4 Bedrooms | $155K | $180K | +16.1% |
5+ Bedrooms | $155K | $237.5K | +53.2% |
Summary: 49631 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 53.2%.
Housing Supply in 49631, MI
How many homes are available in 49631, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 35 | +20.7% |
Summary: The 49631 real estate market had 35 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49631 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 49631 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 49631, MI
How long does it take to sell a home in 49631, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 40 Days | -5.8% |
Summary: Homes in 49631 had an average of 40 days on market in Apr 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 49631; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.