$2,196 Closing Credit*
$184,900
1,054 SqFt
2 Beds
•1 Full Bath
Janice Daniels, Listing Office: CENTURY 21 SIGNATURE REALTY - CLARE
Is 48017, 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, 48017 has remained a Seller's Market.
Key Takeaway
48017 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48017, MI
How much do homes in 48017, MI cost?
Median Sold Price
$295,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.5%)
Key Takeaway
Homes in 48017 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 48017 was $295,000 in November 2024, up 3.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $130K | -31.9% |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $290K | $302.5K | +4.3% |
| 4 Bedrooms | $355K | $370K | +4.2% |
| 5+ Bedrooms | $310.9K | $297.5K | -4.3% |
Summary: 48017 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 48017, MI
How many homes are available in 48017, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The 48017 real estate market had 29 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 6 | 2 | -66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 48017 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 7 | -61.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48017, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 48017 in November 2024, down by 61.1% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 48017, MI
How long does it take to sell a home in 48017, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 20 Days | +50.9% |
Summary: Homes in 48017 had an average of 20 days on market in Nov 2024, up by 50.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48017 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 48017; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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.