Is 49770, 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, 49770 has remained a Seller's Market.
Housing Prices in 49770, MI
How much do homes in 49770, MI cost?
Median Sold Price
$430,032
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49770 was $430,032 in March 2024, up 2.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284.9K | $239.4K | -16.0% |
2 Bedrooms | $270K | $311.7K | +15.5% |
3 Bedrooms | $410K | $395K | -3.7% |
4 Bedrooms | $695K | $600K | -13.7% |
5+ Bedrooms | $949.5K | $1.4M | +50.1% |
Summary: 49770 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 15.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 50.1%.
Housing Supply in 49770, MI
How many homes are available in 49770, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 76 | +8.6% |
Summary: The 49770 real estate market had 76 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 49770 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 49770 in March 2024, up by 15.4% month-over-month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 49770, MI
How long does it take to sell a home in 49770, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 49770; 13% 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.