Is 49006, 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, 49006 has remained a Seller's Market.
Housing Prices in 49006, MI
How much do homes in 49006, MI cost?
Median Sold Price
$211,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49006 was $211,000 in April 2024, up 5.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76.5K | $107.5K | +40.5% |
2 Bedrooms | $149.2K | $165K | +10.6% |
3 Bedrooms | $210K | $220K | +4.8% |
4 Bedrooms | $235K | $224.5K | -4.5% |
5+ Bedrooms | $299K | $248.2K | -17.0% |
Summary: 49006 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.5%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 49006, MI
How many homes are available in 49006, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 40 | -20.0% |
Summary: The 49006 real estate market had 40 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 27 | 21 | -22.2% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 49006 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 16 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 49006 in April 2024, down by 20.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for 49006, MI
How long does it take to sell a home in 49006, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 20 Days | +371.6% |
Summary: Homes in 49006 had an average of 20 days on market in Apr 2024, up by 371.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 49006; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.