Is Colon, MI 49040 a buyer’s or seller’s market?
Colon is a seller’s market. With about 3.4 months of supply and 6% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.4Under 4 months = seller’s market
Sold above original list5.9%Share of sales, last 3 months
Median sale-to-list94.2%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$176▲ +4.8% vs. last year
Run the numbers for 49040
Nearby markets
Burr Oak 49030Seller’s market $118 /sq ftCentreville 49032Seller’s market $151 /sq ftConstantine 49042Seller’s market $147 /sq ftLeonidas 49066 — /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology