Is Spring Arbor, MI 49283 a buyer’s or seller’s market?
Spring Arbor is a seller’s market. With about 3.2 months of supply and 63% 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 supply3.2Under 4 months = seller’s market
Sold above original list62.5%Share of sales, last 3 months
Median sale-to-list100.7%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$172▲ +47.7% vs. last year
Run the numbers for 49283
Nearby markets
Brooklyn 49230Seller’s market $183 /sq ftCement City 49233Seller’s market $196 /sq ftClarklake 49234Balanced $355 /sq ftConcord 49237Seller’s market $139 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology