Is 49738, 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, 49738 has remained a Seller's Market.
Housing Prices in 49738, MI
How much do homes in 49738, MI cost?
Median Sold Price
$195,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49738 was $195,000 in April 2024, up 24.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $75K | -21.1% |
2 Bedrooms | $130K | $155K | +19.2% |
3 Bedrooms | $169K | $210K | +24.3% |
4 Bedrooms | $255K | $216.2K | -15.2% |
5+ Bedrooms | $209.4K | $343K | +63.8% |
Summary: 49738 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 24.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 63.8%.
Housing Supply in 49738, MI
How many homes are available in 49738, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 47 | +27.0% |
Summary: The 49738 real estate market had 47 homes for sale in April 2024, a 27.0% 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 | 12 | 13 | +8.3% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49738 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 8.3%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 49738 in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for 49738, MI
How long does it take to sell a home in 49738, MI?
Breakdown of Home Sale Times
5 Homes Were 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 49738; 38% 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.