$1,959 Closing Credit*
$165,000
2,140 SqFt
3 Beds
•2 Full Baths
Antoinette L Wallace, Listing Office: Thrive Realty Company
Is 48036, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48036 has remained a Seller's Market.
Key Takeaway
48036 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48036, MI
How much do homes in 48036, MI cost?
Median Sold Price
$250,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,000(+15.7%)
Key Takeaway
Homes in 48036 have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in 48036 was $250,000 in November 2024, up 15.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $61K | N/A |
| 2 Bedrooms | $170K | $180K | +5.9% |
| 3 Bedrooms | $216K | $265K | +22.7% |
| 4 Bedrooms | $310K | $363K | +17.1% |
| 5+ Bedrooms | $380.5K | $405K | +6.4% |
Summary: 48036 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 increased by 5.9%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 48036, MI
How many homes are available in 48036, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 63 | -12.5% |
Summary: The 48036 real estate market had 63 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48036 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48036, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 48036 in November 2024, down by 4.2% month-over-month. Of the 23 sold homes, 26% were sold under asking, 39% were sold at asking, and 35% were sold over asking.
Days on Market for 48036, MI
How long does it take to sell a home in 48036, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 16 Days | -53.8% |
Summary: Homes in 48036 had an average of 16 days on market in Nov 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48036 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 48036; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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.