$2,197 Closing Credit*
$185,000
1,535 SqFt
2 Beds
•2 Full Baths
Amani El Merhi, Listing Office: Real Estate One-Dbn Hts/Dbn
Is 48034, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48034 was a Seller's Market.
Key Takeaway
48034 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 48034, MI
How much do homes in 48034, MI cost?
Median Sold Price
$210,000
$104/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 48034 has remained the same since last year.
Summary: The median home sold price in 48034 was $210,000 in November 2024, the same as last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | - | N/A |
| 2 Bedrooms | $161.5K | $159K | -1.5% |
| 3 Bedrooms | $218.5K | $195K | -10.8% |
| 4 Bedrooms | $400K | $374K | -6.5% |
| 5+ Bedrooms | $510K | $417.5K | -18.1% |
Summary: 48034 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 18.1%.
Housing Supply in 48034, MI
How many homes are available in 48034, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The 48034 real estate market had 25 homes for sale in November 2024, a 4.2% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48034 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 increased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48034, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48034 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +129.5% |
Summary: Homes in 48034 had an average of 33 days on market in Nov 2024, up by 129.5% compared to last year.
Breakdown of Home Sale Times
2 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 November 2024, 4 homes were sold in 48034; 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.
