Is 49721, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49721 has remained a Seller's Market.
Key Takeaway
49721 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49721, MI
How much do homes in 49721, MI cost?
Median Sold Price
$199,900
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49721 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 49721 was $199,900 in March 2024, up 10.4% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $215K | +53.6% |
| 2 Bedrooms | $162.9K | $182K | +11.7% |
| 3 Bedrooms | $175K | $183K | +4.6% |
| 4 Bedrooms | $200K | $272K | +36.0% |
| 5+ Bedrooms | $475K | $330K | -30.5% |
Summary: 49721 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 36%, and 5+ bedroom homes decreased by 30.5%.
Median Sold Price Compared To Nearby Zip Codes
| 49749 | $267.5K | $339K | +26.7% |
| 49721 | $181K | $199.9K | +10.4% |
Housing Supply in 49721, MI
How many homes are available in 49721, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The 49721 real estate market had 49 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 6 | 13 | +116.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 49721 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49721, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49721 in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 49721, MI
We’re sorry, we don't have information for this market at the moment
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