$3,502 Closing Credit*
$294,900
1,340 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50160167, Grace Wygal, Listing Office: Rooms Realty Inc.
Is 48035, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48035 has remained a Seller's Market.
Key Takeaway
48035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48035, MI
How much do homes in 48035, MI cost?
Median Sold Price
$220,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+5.3%)
Key Takeaway
Homes in 48035 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 48035 was $220,000 in October 2024, up 5.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $52K | N/A |
| 2 Bedrooms | $150.5K | $158K | +5.0% |
| 3 Bedrooms | $205.5K | $223K | +8.5% |
| 4 Bedrooms | $287.5K | $295K | +2.6% |
| 5+ Bedrooms | $392K | $283.7K | -27.6% |
Summary: 48035 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 27.6%.
Housing Supply in 48035, MI
How many homes are available in 48035, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 110 | +1.9% |
Summary: The 48035 real estate market had 110 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 68 | 67 | -1.5% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48035 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 decreased by 12.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48035, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 48035 in October 2024, up by 5.9% month-over-month. Of the 36 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 48035, MI
How long does it take to sell a home in 48035, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +13.1% |
Summary: Homes in 48035 had an average of 25 days on market in Oct 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48035 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 48035; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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.