Is 49735, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49735 was a Seller's Market.
Housing Prices in 49735, MI
How much do homes in 49735, MI cost?
Median Sold Price
$249,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49735 was $249,000 in March 2024, down 1.9% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $60K | -57.9% |
2 Bedrooms | $180.7K | $200K | +10.7% |
3 Bedrooms | $258.6K | $245.5K | -5.1% |
4 Bedrooms | $292.5K | $295K | +0.8% |
5+ Bedrooms | $344.5K | $259.9K | -24.6% |
Summary: 49735 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in 49735, MI
How many homes are available in 49735, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 85 | +21.4% |
Summary: The 49735 real estate market had 85 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 35 | 44 | +25.7% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 49735 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 49735 in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 49735, MI
How long does it take to sell a home in 49735, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 61 Days | +165.2% |
Summary: Homes in 49735 had an average of 61 days on market in Mar 2024, up by 165.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 49735; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.