$4,036 Closing Credit*
$339,900
1,525 SqFt
3 Beds
•2 Full Baths
#50161285, Michael G. Bachler, Listing Office: J. A. Bachler Realtor
Is 48039, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48039 was a Buyer's Market.
Key Takeaway
48039 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 48039, MI
How much do homes in 48039, MI cost?
Median Sold Price
$200,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+2.6%)
Key Takeaway
Homes in 48039 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 48039 was $200,000 in October 2024, up 2.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $122.5K | +31.0% |
| 2 Bedrooms | $160K | $224.9K | +40.6% |
| 3 Bedrooms | $212K | $184K | -13.2% |
| 4 Bedrooms | $200K | $327.5K | +63.7% |
| 5+ Bedrooms | $265K | $295K | +11.3% |
Summary: 48039 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 40.6%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 63.7%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Zip Codes
| 48023 | $285K | $365K | +28.1% |
| 48054 | $335K | $377.5K | +12.7% |
| 48039 | $195K | $200K | +2.6% |
Housing Supply in 48039, MI
How many homes are available in 48039, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The 48039 real estate market had 45 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 14 | 21 | +50.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48039 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48039, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 48039 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 48039, MI
How long does it take to sell a home in 48039, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 48 Days | +442.9% |
Summary: Homes in 48039 had an average of 48 days on market in Oct 2024, up by 442.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48039 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 48039; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.