Is 49512, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 49512 has remained a Seller's Market.
Housing Prices in 49512, MI
How much do homes in 49512, MI cost?
Median Sold Price
$338,282
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 49512 was $338,282 in May 2024, up 3.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $214.9K | +4.9% |
2 Bedrooms | $208K | $207K | -0.5% |
3 Bedrooms | $321K | $333K | +3.7% |
4 Bedrooms | $385K | $395K | +2.6% |
5+ Bedrooms | $530.5K | $504.5K | -4.9% |
Summary: 49512 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 49512, MI
How many homes are available in 49512, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 46 | 0.0% |
Summary: The 49512 real estate market had 46 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49512 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 49512 in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 36% were sold at asking, and 43% were sold over asking.
Days on Market for 49512, MI
How long does it take to sell a home in 49512, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 11 Days | -55.2% |
Summary: Homes in 49512 had an average of 11 days on market in May 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in 49512; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.