Is 49740, 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, 49740 has remained a Seller's Market.
Key Takeaway
49740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49740, MI
How much do homes in 49740, MI cost?
Median Sold Price
$530,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49740 have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in 49740 was $530,000 in April 2024, up 15.8% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.5K | $291K | +52.8% |
| 2 Bedrooms | $351K | $527.2K | +50.2% |
| 3 Bedrooms | $488.5K | $483.2K | -1.1% |
| 4 Bedrooms | $579K | $862.5K | +49.0% |
| 5+ Bedrooms | $900K | $950K | +5.6% |
Summary: 49740 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.8%, 2 bedroom homes increased by 50.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 49%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 49740, MI
How many homes are available in 49740, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 67 | +39.6% |
Summary: The 49740 real estate market had 67 homes for sale in April 2024, a 39.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 15 | 23 | +53.3% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 49740 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49740, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 49740 in April 2024, up by 30.0% 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 49740, MI
We’re sorry, we don't have information for this market at the moment
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