$4,097 Closing Credit*
$345,000
2,063 SqFt
3 Beds
•3 Full Baths, 1 Partial
#50159757, Anthony Tocco, Listing Office: Realteam Real Estate
Is 48036, 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, 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
$258,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+17.3%)
Key Takeaway
Homes in 48036 have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in 48036 was $258,000 in October 2024, up 17.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $52.5K | N/A |
| 2 Bedrooms | $169K | $180K | +6.5% |
| 3 Bedrooms | $216K | $265.8K | +23.1% |
| 4 Bedrooms | $310K | $374.9K | +20.9% |
| 5+ Bedrooms | $370K | $380.7K | +2.9% |
Summary: 48036 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 6.5%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in 48036, MI
How many homes are available in 48036, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 76 | +13.4% |
Summary: The 48036 real estate market had 76 homes for sale in October 2024, a 13.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 31 | 26 | -16.1% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48036 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48036, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 48036 in October 2024, up by 35.3% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | -1.5% |
Summary: Homes in 48036 had an average of 35 days on market in Oct 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48036 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 48036; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% 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.