$2,481 Closing Credit*
$208,900
1,055 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jim Shaffer, Listing Office: Good Company
Is 48030, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48030 was a Seller's Market.
Key Takeaway
48030 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48030, MI
How much do homes in 48030, MI cost?
Median Sold Price
$175,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,500(+8.4%)
Key Takeaway
Homes in 48030 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 48030 was $175,000 in October 2024, up 8.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $95.4K | -31.8% |
| 2 Bedrooms | $137K | $155K | +13.1% |
| 3 Bedrooms | $175K | $183.5K | +4.9% |
| 4 Bedrooms | $195K | $220K | +12.8% |
| 5+ Bedrooms | $231.5K | $201.2K | -13.1% |
Summary: 48030 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 13.1%.
Housing Supply in 48030, MI
How many homes are available in 48030, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 102 | +7.4% |
Summary: The 48030 real estate market had 102 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 28 | 29 | +3.6% |
| 3 Bedrooms | 55 | 59 | +7.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48030 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48030, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 48030 in October 2024, down by 26.1% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 48030, MI
How long does it take to sell a home in 48030, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -27.9% |
Summary: Homes in 48030 had an average of 20 days on market in Oct 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48030 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 48030; 71% of homes were sold within 30 days, 29% 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.