Is 49684, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 49684 was a Neutral Market.
Housing Prices in 49684, MI
How much do homes in 49684, MI cost?
Median Sold Price
$420,000
$263/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 49684 was $420,000 in March 2024, down 20.2% from last month, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $307.5K | $285K | -7.3% |
2 Bedrooms | $492.5K | $257.5K | -47.7% |
3 Bedrooms | $571K | $399.9K | -30.0% |
4 Bedrooms | $630K | $920K | +46.0% |
5+ Bedrooms | $1.0M | $615K | -43.6% |
Summary: 49684 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 47.7%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 46%, and 5+ bedroom homes decreased by 43.6%.
Housing Supply in 49684, MI
How many homes are available in 49684, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 95 | +17.3% |
Summary: The 49684 real estate market had 95 homes for sale in March 2024, a 17.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 49684 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 increased by 23.3%, 3 bedroom homes increased by 45%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 49684 in March 2024, up by 58.3% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for 49684, MI
How long does it take to sell a home in 49684, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 59 Days | -19.9% |
Summary: Homes in 49684 had an average of 59 days on market in Mar 2024, down by 19.9% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 49684; 37% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.