Is 49707, 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, 49707 has remained a Seller's Market.
Housing Prices in 49707, MI
How much do homes in 49707, MI cost?
Median Sold Price
$160,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49707 was $160,000 in April 2024, up 14.3% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.2K | $168K | +64.4% |
2 Bedrooms | $116K | $135K | +16.4% |
3 Bedrooms | $144.4K | $160K | +10.8% |
4 Bedrooms | $174K | $250.2K | +43.8% |
5+ Bedrooms | $250K | $163K | -34.8% |
Summary: 49707 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.4%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes decreased by 34.8%.
Housing Supply in 49707, MI
How many homes are available in 49707, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 67 | +28.8% |
Summary: The 49707 real estate market had 67 homes for sale in April 2024, a 28.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 25 | 33 | +32.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49707 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 27.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 49707 in April 2024, the same as the previous month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for 49707, MI
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 49707; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.