Is 49677, 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, 49677 has remained a Seller's Market.
Key Takeaway
49677 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49677, MI
How much do homes in 49677, MI cost?
Median Sold Price
$165,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49677 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 49677 was $165,000 in April 2024, up 13.8% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $215K | +186.7% |
| 2 Bedrooms | $125.7K | $126.9K | +0.9% |
| 3 Bedrooms | $150K | $165K | +10.0% |
| 4 Bedrooms | $185K | $217.5K | +17.6% |
| 5+ Bedrooms | $349.8K | $275K | -21.4% |
Summary: 49677 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 186.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 21.4%.
Housing Supply in 49677, MI
How many homes are available in 49677, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The 49677 real estate market had 22 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 | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 49677 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49677, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 49677 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 49677, MI
How long does it take to sell a home in 49677, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 18 Days | -48.3% |
Summary: Homes in 49677 had an average of 18 days on market in Apr 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49677 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 49677; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.