Is 49653, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49653 has remained a Seller's Market.
Key Takeaway
49653 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49653, MI
How much do homes in 49653, MI cost?
Median Sold Price
$1,097,500
$327/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 49653 have sold for 56.8% more than they did a month ago.
Summary: The median home sold price in 49653 was $1,097,500 in March 2024, up 56.8% from last month, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | - | N/A |
| 3 Bedrooms | $749.9K | - | N/A |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | $900K | N/A |
Summary: 49653 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 49653, MI
How many homes are available in 49653, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The 49653 real estate market had 7 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 49653 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 decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49653, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49653 in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49653, MI
How long does it take to sell a home in 49653, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 64 Days | -8.7% |
Summary: Homes in 49653 had an average of 64 days on market in Mar 2024, down by 8.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49653 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 49653; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
