Is 49656, 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, 49656 has remained a Seller's Market.
Key Takeaway
49656 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49656, MI
How much do homes in 49656, MI cost?
Median Sold Price
$150,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 49656 has remained the same since last year.
Summary: The median home sold price in 49656 was $150,000 in April 2024, up 0.2% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $62.7K | +56.8% |
| 2 Bedrooms | $164.5K | $145K | -11.9% |
| 3 Bedrooms | $164.9K | $222.4K | +34.9% |
| 4 Bedrooms | $179.9K | $77.5K | -56.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49656 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 34.9%, 4 bedroom homes decreased by 56.9%, and 5+ bedroom homes did not change.
Housing Supply in 49656, MI
How many homes are available in 49656, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The 49656 real estate market had 11 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49656 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49656, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 49656 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 49656, MI
How long does it take to sell a home in 49656, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 100 Days | +43.9% |
Summary: Homes in 49656 had an average of 100 days on market in Apr 2024, up by 43.9% compared to last year.
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 49656 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 49656; 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.
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