Is 49727, 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, 49727 has remained a Seller's Market.
Key Takeaway
49727 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49727, MI
How much do homes in 49727, MI cost?
Median Sold Price
$345,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49727 have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in 49727 was $345,000 in April 2024, up 26.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $340K | +209.1% |
| 2 Bedrooms | $205K | $199.5K | -2.7% |
| 3 Bedrooms | $204.5K | $295.8K | +44.7% |
| 4 Bedrooms | $340K | $375K | +10.3% |
| 5+ Bedrooms | $1.9M | $2.2M | +16.8% |
Summary: 49727 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.1%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 44.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in 49727, MI
How many homes are available in 49727, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The 49727 real estate market had 25 homes for sale in April 2024, a 13.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 49727 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 20%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49727, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 49727 in April 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for 49727, MI
How long does it take to sell a home in 49727, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 49727 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in 49727; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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