$3,266 Closing Credit*
$275,000
1,998 SqFt
3 Beds
•2 Full Baths
Alexandra N Salvatore, Listing Office: Keller Williams Paint Creek
Is 48027, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48027 has remained a Seller's Market.
Key Takeaway
48027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48027, MI
How much do homes in 48027, MI cost?
Median Sold Price
$428,750
$176/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$34,750(-7.5%)
Key Takeaway
Homes in 48027 have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in 48027 was $428,750 in November 2024, down 7.5% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $318.5K | - | N/A |
| 3 Bedrooms | - | $232.5K | N/A |
| 4 Bedrooms | $550K | $625K | +13.6% |
| 5+ Bedrooms | $800K | - | N/A |
Summary: 48027 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48006 | $295K | $411.4K | +39.5% |
| 48049 | $282.5K | $335K | +18.6% |
| 48027 | $463.5K | $428.7K | -7.5% |
Housing Supply in 48027, MI
How many homes are available in 48027, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Summary: The 48027 real estate market had 5 homes for sale in November 2024, a 50.0% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 48027 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48027, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 48027 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48027, MI
How long does it take to sell a home in 48027, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 7 Days | -62.5% |
Summary: Homes in 48027 had an average of 7 days on market in Nov 2024, down by 62.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48027 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 48027; 100% of homes were sold within 30 days, 0% 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.