$2,999,999
5,878 SqFt
4 Beds
•4 Full Baths, 2 Partial
John Wentworth, Listing Office: Wentworth Real Estate Group
Is 48430, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, 48430 has remained a Seller's Market.
Key Takeaway
48430 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48430, MI
How much do homes in 48430, MI cost?
Median Sold Price
$331,100
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$4,912(+1.5%)
Key Takeaway
Homes in 48430 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 48430 was $331,100 in September 2024, up 1.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $344K | $170K | -50.6% |
| 2 Bedrooms | $229.9K | $230K | 0.0% |
| 3 Bedrooms | $299.9K | $320K | +6.7% |
| 4 Bedrooms | $419.9K | $420K | 0.0% |
| 5+ Bedrooms | $653K | $500K | -23.4% |
Summary: 48430 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.4%.
Housing Supply in 48430, MI
How many homes are available in 48430, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 159 | 150 | -5.7% |
Summary: The 48430 real estate market had 150 homes for sale in September 2024, a 5.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 84 | 85 | +1.2% |
| 4 Bedrooms | 42 | 37 | -11.9% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 48430 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48430, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 48430 in September 2024, up by 7.9% month-over-month. Of the 41 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for 48430, MI
How long does it take to sell a home in 48430, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 45 Days | 39 Days | -12.3% |
Summary: Homes in 48430 had an average of 39 days on market in Sep 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48430 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 41 homes were sold in 48430; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.