$8,906 Closing Credit*
$749,999
2,754 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50162213, Jonathan Minerick, Listing Office: HomeCoin.com
Is 48005, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48005 has remained a Seller's Market.
Key Takeaway
48005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48005, MI
How much do homes in 48005, MI cost?
Median Sold Price
$422,500
$178/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$147,500(-25.9%)
Key Takeaway
Homes in 48005 have sold for 25.9% less than they did a month ago.
Summary: The median home sold price in 48005 was $422,500 in November 2024, down 25.9% from last month, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $225.5K | N/A |
| 3 Bedrooms | $275K | $811.2K | +195.0% |
| 4 Bedrooms | $590K | $262.5K | -55.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48005 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 195%, 4 bedroom homes decreased by 55.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48062 | $305K | $310K | +1.6% |
| 48005 | $570K | $422.5K | -25.9% |
Housing Supply in 48005, MI
How many homes are available in 48005, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The 48005 real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48005, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 48005 in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 48005, MI
How long does it take to sell a home in 48005, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 31 Days | -42.4% |
Summary: Homes in 48005 had an average of 31 days on market in Nov 2024, down by 42.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48005 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 48005; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.