Is 49655, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49655 has remained a Seller's Market.
Housing Prices in 49655, MI
How much do homes in 49655, MI cost?
Median Sold Price
$169,950
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49655 was $169,950 in April 2024, down 0.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.5K | $40K | -79.1% |
2 Bedrooms | $87.5K | $145K | +65.7% |
3 Bedrooms | $171K | $179K | +4.7% |
4 Bedrooms | $175K | $295K | +68.6% |
5+ Bedrooms | $624.9K | - | N/A |
Summary: 49655 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 79.1%, 2 bedroom homes increased by 65.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 68.6%, and 5+ bedroom homes did not change.
Housing Supply in 49655, MI
How many homes are available in 49655, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The 49655 real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49655 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 49655 in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 49655, MI
How long does it take to sell a home in 49655, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 93 Days | +71.5% |
Summary: Homes in 49655 had an average of 93 days on market in Apr 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 49655; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.