Is 49651, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49651 was a Buyer's Market.
Key Takeaway
49651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49651, MI
How much do homes in 49651, MI cost?
Median Sold Price
$226,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49651 have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in 49651 was $226,500 in March 2024, up 16.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $204K | +23.6% |
| 2 Bedrooms | $140.5K | $215K | +53.0% |
| 3 Bedrooms | $221.2K | $229.9K | +3.9% |
| 4 Bedrooms | $174.9K | $295K | +68.7% |
| 5+ Bedrooms | $149.9K | $193K | +28.8% |
Summary: 49651 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 53%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 68.7%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Zip Codes
| 49663 | $195.2K | $240.5K | +23.2% |
| 49651 | $195K | $226.5K | +16.2% |
| 49657 | $209.9K | $210.2K | 0.2% |
Housing Supply in 49651, MI
How many homes are available in 49651, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The 49651 real estate market had 21 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49651 housing inventory by bedroom type for March 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 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49651, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 49651 in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for 49651, MI
How long does it take to sell a home in 49651, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 85 Days | 56 Days | -33.9% |
Summary: Homes in 49651 had an average of 56 days on market in Mar 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49651 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 49651; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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