Is 49696, 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, 49696 has remained a Seller's Market.
Key Takeaway
49696 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49696, MI
How much do homes in 49696, MI cost?
Median Sold Price
$489,900
$220/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 49696 have sold for 6.5% more than they did a month ago.
Summary: The median home sold price in 49696 was $489,900 in April 2024, up 6.5% from last month, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $319K | N/A |
| 3 Bedrooms | $245K | $437.4K | +78.6% |
| 4 Bedrooms | $509K | $520K | +2.2% |
| 5+ Bedrooms | - | $825K | N/A |
Summary: 49696 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 78.6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Housing Supply in 49696, MI
How many homes are available in 49696, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Summary: The 49696 real estate market had 43 homes for sale in April 2024, a 30.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49696 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49696, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49696 in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for 49696, MI
How long does it take to sell a home in 49696, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 61 Days | +10.8% |
Summary: Homes in 49696 had an average of 61 days on market in Apr 2024, up by 10.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49696 has remained consistent over time.
Summary: During April 2024, 11 homes were sold in 49696; 9% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
