Is 49444, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49444 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49444 has remained a Seller's Market.

Key Takeaway

49444 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49444, MI

How much do homes in 49444, MI cost?

Median Sold Price

$150,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,100(+13.7%)

Key Takeaway

Homes in 49444 have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in 49444 was $150,000 in October 2024, up 13.7% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $26K$45K
+73.1%
2 $90K$94.8K
+5.4%
3 $146K$185.5K
+27.1%
4 $224.5K$255K
+13.6%
5+ $433.4K$407.2K
-6.1%

Summary: 49444 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

49444
+13.7%
49442
+9.6%
49415
+6.1%
49441
+4.7%
49456
0.0%

Housing Supply in 49444, MI

How many homes are available in 49444, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107112+4.7%

Summary: The 49444 real estate market had 112 homes for sale in October 2024, a 4.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3840
+5.3%
3 5156
+9.8%
4 1412
-14.3%
5+ 33
0.0%

Summary: The 49444 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 increased by 5.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2432+33.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49444, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 49444 in October 2024, up by 33.3% month-over-month. Of the 32 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.

Days on Market for 49444, MI

How long does it take to sell a home in 49444, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days28 Days-2.2%

Summary: Homes in 49444 had an average of 28 days on market in Oct 2024, down by 2.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49444 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 49444; 63% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% 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 14 Days Ago

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