Is 49706, 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, 49706 was a Neutral Market.
Key Takeaway
49706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49706, MI
How much do homes in 49706, MI cost?
Median Sold Price
$305,000
$165/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 49706 have sold for 7.1% more than they did a month ago.
Summary: The median home sold price in 49706 was $305,000 in April 2024, up 7.1% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $158K | N/A |
| 3 Bedrooms | $284.9K | $305K | +7.1% |
| 4 Bedrooms | - | $456K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49706 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 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49769 | $200.5K | $224.5K | +12.0% |
| 49706 | $284.9K | $305K | +7.1% |
Housing Supply in 49706, MI
How many homes are available in 49706, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Summary: The 49706 real estate market had 28 homes for sale in April 2024, a 47.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49706 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 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 49706, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 49706 in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 49706, MI
We’re sorry, we don't have information for this market at the moment
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