Is 49525, 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, 49525 has remained a Seller's Market.
Housing Prices in 49525, MI
How much do homes in 49525, MI cost?
Median Sold Price
$341,125
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49525 was $341,125 in April 2024, up 8.3% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $198K | +66.4% |
2 Bedrooms | $225K | $245K | +8.9% |
3 Bedrooms | $290K | $325K | +12.1% |
4 Bedrooms | $437.4K | $399.1K | -8.7% |
5+ Bedrooms | $690K | $650.7K | -5.7% |
Summary: 49525 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.4%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 49525, MI
How many homes are available in 49525, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 76 | +16.9% |
Summary: The 49525 real estate market had 76 homes for sale in April 2024, a 16.9% increase 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 | 17 | 13 | -23.5% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 49525 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 23.5%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 30 | +42.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 49525 in April 2024, up by 42.9% month-over-month. Of the 30 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for 49525, MI
How long does it take to sell a home in 49525, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 17 Days | +14.3% |
Summary: Homes in 49525 had an average of 17 days on market in Apr 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
26 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, 30 homes were sold in 49525; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.