$5,936 Closing Credit*
$499,900
3,076 SqFt
4 Beds
•2 Full Baths, 2 Partial
Diane K Barnard, Listing Office: Blu Diamond Realty LLC
Is 48033, 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, 48033 was a Seller's Market.
Key Takeaway
48033 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48033, MI
How much do homes in 48033, MI cost?
Median Sold Price
$204,112
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,212(+7.5%)
Key Takeaway
Homes in 48033 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 48033 was $204,112 in October 2024, up 7.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.7K | $60K | -23.8% |
| 2 Bedrooms | $133.5K | $153K | +14.6% |
| 3 Bedrooms | $193K | $222.5K | +15.3% |
| 4 Bedrooms | $279.9K | $334.5K | +19.5% |
| 5+ Bedrooms | $245K | $360K | +46.9% |
Summary: 48033 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 46.9%.
Housing Supply in 48033, MI
How many homes are available in 48033, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The 48033 real estate market had 46 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48033 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 6 | -64.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48033, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48033 in October 2024, down by 64.7% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 48033, MI
How long does it take to sell a home in 48033, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 30 Days | +158.2% |
Summary: Homes in 48033 had an average of 30 days on market in Oct 2024, up by 158.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48033 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 48033; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
