Is 49665, 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, 49665 has remained a Seller's Market.
Housing Prices in 49665, MI
How much do homes in 49665, MI cost?
Median Sold Price
$120,000
$109/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 49665 was $120,000 in March 2024, down 48.7% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $387.5K | $113K | -70.8% |
3 Bedrooms | $125K | $115.4K | -7.6% |
4 Bedrooms | $318K | - | N/A |
5+ Bedrooms | - | $299.9K | N/A |
Summary: 49665 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 decreased by 70.8%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 49665, MI
How many homes are available in 49665, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Summary: The 49665 real estate market had 13 homes for sale in March 2024, a 18.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 3 | 0 | -100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49665 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 40%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 49665 in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 49665, MI
How long does it take to sell a home in 49665, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 80 Days | -5.5% |
Summary: Homes in 49665 had an average of 80 days on market in Mar 2024, down by 5.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 49665; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.