Is 49009, 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, 49009 has remained a Seller's Market.
Housing Prices in 49009, MI
How much do homes in 49009, MI cost?
Median Sold Price
$379,900
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49009 was $379,900 in April 2024, up 5.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.1K | $269.5K | +69.4% |
2 Bedrooms | $260K | $271.9K | +4.6% |
3 Bedrooms | $300K | $314K | +4.7% |
4 Bedrooms | $402.5K | $437.5K | +8.7% |
5+ Bedrooms | $517.3K | $587.5K | +13.6% |
Summary: 49009 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in 49009, MI
How many homes are available in 49009, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
156 | 155 | -0.6% |
Summary: The 49009 real estate market had 155 homes for sale in April 2024, a 0.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 37 | 36 | -2.7% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 53 | 53 | 0.0% |
5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The 49009 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 2.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 49009 in April 2024, the same as the previous month. Of the 32 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 49009, MI
How long does it take to sell a home in 49009, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 25 Days | +40.8% |
Summary: Homes in 49009 had an average of 25 days on market in Apr 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 49009; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.