Is 49546, 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, 49546 has remained a Seller's Market.
Housing Prices in 49546, MI
How much do homes in 49546, MI cost?
Median Sold Price
$456,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 49546 was $456,000 in May 2024, up 12.6% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $193.5K | +13.8% |
2 Bedrooms | $230K | $265K | +15.2% |
3 Bedrooms | $350.7K | $378.4K | +7.9% |
4 Bedrooms | $497K | $528.5K | +6.3% |
5+ Bedrooms | $543.7K | $720K | +32.4% |
Summary: 49546 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 32.4%.
Housing Supply in 49546, MI
How many homes are available in 49546, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 86 | +10.3% |
Summary: The 49546 real estate market had 86 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 28 | 38 | +35.7% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 49546 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 24 | -17.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 49546 in May 2024, down by 17.2% month-over-month. Of the 24 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for 49546, MI
How long does it take to sell a home in 49546, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 26 Days | +85.1% |
Summary: Homes in 49546 had an average of 26 days on market in May 2024, up by 85.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in 49546; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.