$1,235 Closing Credit*
$104,000
1,482 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50163396, Anthony Raffin, Listing Office: RE/MAX First
Is 48021, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48021 was a Seller's Market.
Key Takeaway
48021 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48021, MI
How much do homes in 48021, MI cost?
Median Sold Price
$159,912
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,045(+11.2%)
Key Takeaway
Homes in 48021 have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in 48021 was $159,912 in November 2024, up 11.2% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30.2K | $43.2K | +43.2% |
| 2 Bedrooms | $103.4K | $124.5K | +20.4% |
| 3 Bedrooms | $147K | $160K | +8.8% |
| 4 Bedrooms | $157K | $183.5K | +16.9% |
| 5+ Bedrooms | $201K | $189.9K | -5.5% |
Summary: 48021 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.2%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 48021, MI
How many homes are available in 48021, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 157 | +13.8% |
Summary: The 48021 real estate market had 157 homes for sale in November 2024, a 13.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 95 | 108 | +13.7% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48021 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 21 | -32.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48021, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 48021 in November 2024, down by 32.3% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for 48021, MI
How long does it take to sell a home in 48021, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 34 Days | +23.7% |
Summary: Homes in 48021 had an average of 34 days on market in Nov 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48021 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 48021; 67% of homes were sold within 30 days, 19% 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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.