Is 49639, 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, 49639 was a Seller's Market.
Housing Prices in 49639, MI
How much do homes in 49639, MI cost?
Median Sold Price
$166,700
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49639 was $166,700 in April 2024, down 4.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $189.1K | +57.6% |
2 Bedrooms | $147.2K | $142.1K | -3.5% |
3 Bedrooms | $180K | $200K | +11.1% |
4 Bedrooms | $220K | $233K | +5.9% |
5+ Bedrooms | $396K | $390K | -1.5% |
Summary: 49639 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 49639, MI
How many homes are available in 49639, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Summary: The 49639 real estate market had 18 homes for sale in April 2024, a 125.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 11 | +175.0% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49639 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 175%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 49639 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 49639, MI
How long does it take to sell a home in 49639, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 2 Days | -93.3% |
Summary: Homes in 49639 had an average of 2 days on market in Apr 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 49639; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.