$831 Closing Credit*
$70,000
1,000 SqFt
2 Beds
•1 Full Bath, 1 Partial
#50161450, Brandy Ullom, Listing Office: Berkshire Hathaway HomeServices Kee Realty Birm
Is 48015, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48015 was a Seller's Market.
Key Takeaway
48015 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48015, MI
How much do homes in 48015, MI cost?
Median Sold Price
$182,750
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,750(+22.7%)
Key Takeaway
Homes in 48015 have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in 48015 was $182,750 in October 2024, up 22.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $48K | -52.0% |
| 2 Bedrooms | $126.5K | $170K | +34.4% |
| 3 Bedrooms | $152.7K | $185.5K | +21.4% |
| 4 Bedrooms | $150K | $227.7K | +51.8% |
| 5+ Bedrooms | $165K | - | N/A |
Summary: 48015 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 51.8%, and 5+ bedroom homes did not change.
Housing Supply in 48015, MI
How many homes are available in 48015, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The 48015 real estate market had 32 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48015 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48015, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48015 in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 48015, MI
How long does it take to sell a home in 48015, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +25.2% |
Summary: Homes in 48015 had an average of 25 days on market in Oct 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48015 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 48015; 50% of homes were sold within 30 days, 50% 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.