Is 49004, 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, 49004 has remained a Seller's Market.
Key Takeaway
49004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49004, MI
How much do homes in 49004, MI cost?
Median Sold Price
$210,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49004 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 49004 was $210,500 in April 2024, up 4.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $125K | -21.1% |
| 2 Bedrooms | $145K | $159K | +9.7% |
| 3 Bedrooms | $198.7K | $199.6K | 0.4% |
| 4 Bedrooms | $253.5K | $280.9K | +10.8% |
| 5+ Bedrooms | $297K | $330K | +11.1% |
Summary: 49004 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 9.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 49004, MI
How many homes are available in 49004, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 31 | -32.6% |
Summary: The 49004 real estate market had 31 homes for sale in April 2024, a 32.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 20 | 15 | -25.0% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 49004 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49004, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 49004 in April 2024, down by 45.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for 49004, MI
How long does it take to sell a home in 49004, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 111 Days | +828.8% |
Summary: Homes in 49004 had an average of 111 days on market in Apr 2024, up by 828.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49004 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 49004; 55% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
