Is 49021, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49021 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49021 has remained a Seller's Market.

Key Takeaway

49021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49021, MI

How much do homes in 49021, MI cost?

Median Sold Price

$204,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,000(+4.6%)

Key Takeaway

Homes in 49021 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 49021 was $204,000 in October 2024, up 4.6% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $42K-
N/A
2 $159K$147.7K
-7.1%
3 $199.9K$210K
+5.0%
4 $203.7K$335.5K
+64.7%
5+ $304K-
N/A

Summary: 49021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49014
+11.7%
49021
+4.6%
49017
+2.9%
49050
-7.9%

Housing Supply in 49021, MI

How many homes are available in 49021, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1721+23.5%

Summary: The 49021 real estate market had 21 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 912
+33.3%
4 34
+33.3%
5+ 22
0.0%

Summary: The 49021 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49021, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 49021 in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 49021, MI

How long does it take to sell a home in 49021, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days38 Days+102.1%

Summary: Homes in 49021 had an average of 38 days on market in Oct 2024, up by 102.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49021 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 49021; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 12 Days Ago

Newest Listings in 49021, MI

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