Is 49014, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49014 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49014 has remained a Seller's Market.

Key Takeaway

49014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49014, MI

How much do homes in 49014, MI cost?

Median Sold Price

$200,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,000(+11.7%)

Key Takeaway

Homes in 49014 have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in 49014 was $200,000 in October 2024, up 11.7% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$95K
+5.6%
2 $93K$143.5K
+54.3%
3 $197.5K$222.5K
+12.7%
4 $253.2K$259K
+2.3%
5+ $267K$335K
+25.5%

Summary: 49014 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 54.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Zip Codes

49014
+11.7%
49015
+9.7%
49037
+8.9%
49017
+2.9%

Housing Supply in 49014, MI

How many homes are available in 49014, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8172-11.1%

Summary: The 49014 real estate market had 72 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1611
-31.3%
3 4645
-2.2%
4 1614
-12.5%
5+ 32
-33.3%

Summary: The 49014 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49014, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 49014 in October 2024, down by 34.6% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 49014, MI

How long does it take to sell a home in 49014, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days26 Days-20.8%

Summary: Homes in 49014 had an average of 26 days on market in Oct 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49014 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 49014; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 49014, MI

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