Is 49506, 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, 49506 has remained a Seller's Market.
Housing Prices in 49506, MI
How much do homes in 49506, MI cost?
Median Sold Price
$403,666
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49506 was $403,666 in April 2024, up 7.5% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215.4K | $165K | -23.4% |
2 Bedrooms | $217K | $274.9K | +26.7% |
3 Bedrooms | $321K | $341K | +6.2% |
4 Bedrooms | $455K | $527.5K | +15.9% |
5+ Bedrooms | $775K | $812K | +4.8% |
Summary: 49506 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 49506, MI
How many homes are available in 49506, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 74 | -5.1% |
Summary: The 49506 real estate market had 74 homes for sale in April 2024, a 5.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 15 | +114.3% |
3 Bedrooms | 35 | 27 | -22.9% |
4 Bedrooms | 25 | 19 | -24.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 49506 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 114.3%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 23 | -36.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 49506 in April 2024, down by 36.1% month-over-month. Of the 23 sold homes, 22% were sold under asking, 22% were sold at asking, and 57% were sold over asking.
Days on Market for 49506, MI
How long does it take to sell a home in 49506, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 17 Days | -63.9% |
Summary: Homes in 49506 had an average of 17 days on market in Apr 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 49506; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.