$2,671 Closing Credit*
$224,900
1,108 SqFt
2 Beds
•1 Full Bath
#50163257, Christopher Waring, Listing Office: Berkshire Hathaway HomeServices Kee Realty NB
Is 48026, 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, 48026 has remained a Seller's Market.
Key Takeaway
48026 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48026, MI
How much do homes in 48026, MI cost?
Median Sold Price
$223,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.1%)
Key Takeaway
Homes in 48026 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 48026 was $223,500 in November 2024, down 1.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $97.5K | +45.5% |
| 2 Bedrooms | $112K | $149.5K | +33.5% |
| 3 Bedrooms | $231.5K | $235K | +1.5% |
| 4 Bedrooms | $277K | $288K | +4.0% |
| 5+ Bedrooms | - | $252.5K | N/A |
Summary: 48026 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Housing Supply in 48026, MI
How many homes are available in 48026, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 49 | +25.6% |
Summary: The 48026 real estate market had 49 homes for sale in November 2024, a 25.6% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 17 | 30 | +76.5% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48026 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 decreased by 8.3%, 3 bedroom homes increased by 76.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48026, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 48026 in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 48026, MI
How long does it take to sell a home in 48026, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -6.7% |
Summary: Homes in 48026 had an average of 23 days on market in Nov 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48026 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 48026; 60% of homes were sold within 30 days, 40% 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.