$1,993 Closing Credit*
$167,793
1,554 SqFt
2 Beds
•2 Full Baths
Twyla Woolwine, Listing Office: EXP Realty LLC
Is 48034, 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, 48034 has remained a Seller's Market.
Key Takeaway
48034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48034, MI
How much do homes in 48034, MI cost?
Median Sold Price
$185,000
$118/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$20,450(-10.0%)
Key Takeaway
Homes in 48034 have sold for 10% less than they did a month ago.
Summary: The median home sold price in 48034 was $185,000 in October 2024, down 10% from last month, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171.7K | $135K | -21.4% |
| 3 Bedrooms | $195K | $235K | +20.5% |
| 4 Bedrooms | $375K | $449.9K | +20.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48034 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Housing Supply in 48034, MI
How many homes are available in 48034, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Summary: The 48034 real estate market had 24 homes for sale in October 2024, a 26.3% 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 | 6 | 10 | +66.7% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48034 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 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48034, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 48034 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 48034, MI
How long does it take to sell a home in 48034, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +6.9% |
Summary: Homes in 48034 had an average of 25 days on market in Oct 2024, up by 6.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48034 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 48034; 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.
