Is 49009, 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, 49009 has remained a Seller's Market.
Housing Prices in 49009, MI
How much do homes in 49009, MI cost?
Median Sold Price
$385,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 49009 was $385,000 in May 2024, up 6.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $269.5K | +58.5% |
2 Bedrooms | $260K | $275K | +5.8% |
3 Bedrooms | $301.5K | $317.5K | +5.3% |
4 Bedrooms | $400K | $445K | +11.3% |
5+ Bedrooms | $535K | $555K | +3.7% |
Summary: 49009 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 49009, MI
How many homes are available in 49009, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
163 | 180 | +10.4% |
Summary: The 49009 real estate market had 180 homes for sale in May 2024, a 10.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 37 | 36 | -2.7% |
3 Bedrooms | 40 | 46 | +15.0% |
4 Bedrooms | 54 | 61 | +13.0% |
5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The 49009 housing inventory by bedroom type for May 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 increased by 15%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 49009 in May 2024, up by 5.7% month-over-month. Of the 37 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 71 Days | +56.8% |
Summary: Homes in 49009 had an average of 71 days on market in May 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in 49009; 54% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.