$2,138 Closing Credit*
$180,000
1,462 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ryan Heward, Dustin Shaeffer, Listing Office: Golden Key Real Estate LLC
Is 48015, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48015 has remained a Seller's Market.
Key Takeaway
48015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48015, MI
How much do homes in 48015, MI cost?
Median Sold Price
$173,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+15.7%)
Key Takeaway
Homes in 48015 have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in 48015 was $173,500 in November 2024, up 15.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $48K | -52.0% |
| 2 Bedrooms | $126.5K | $138K | +9.1% |
| 3 Bedrooms | $157K | $174K | +10.8% |
| 4 Bedrooms | $199.9K | $225K | +12.6% |
| 5+ Bedrooms | $165K | - | N/A |
Summary: 48015 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The 48015 real estate market had 34 homes for sale in November 2024, a 21.4% increase 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 | 5 | 9 | +80.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48015 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 increased by 80%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48015 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +31.6% |
Summary: Homes in 48015 had an average of 23 days on market in Nov 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 6 homes were sold in 48015; 67% of homes were sold within 30 days, 33% 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.