$3,741 Closing Credit*
$315,000
1,886 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50162527, Chris Halpin, Listing Office: RE/MAX First
Is 48039, 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, 48039 has remained a Seller's Market.
Key Takeaway
48039 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48039, MI
How much do homes in 48039, MI cost?
Median Sold Price
$199,450
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,050(-1.5%)
Key Takeaway
Homes in 48039 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 48039 was $199,450 in November 2024, down 1.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $122.5K | +31.0% |
| 2 Bedrooms | $205K | $182.5K | -11.0% |
| 3 Bedrooms | $201K | $199.4K | -0.8% |
| 4 Bedrooms | $307.5K | $327.5K | +6.5% |
| 5+ Bedrooms | $265K | $295K | +11.3% |
Summary: 48039 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Zip Codes
| 48023 | $274.9K | $365K | +32.8% |
| 48054 | $337.5K | $395K | +17.0% |
| 48039 | $202.5K | $199.4K | -1.5% |
Housing Supply in 48039, MI
How many homes are available in 48039, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The 48039 real estate market had 36 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48039 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
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 November 2024, down by 12.5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 42 Days | +234.8% |
Summary: Homes in 48039 had an average of 42 days on market in Nov 2024, up by 234.8% compared to last year.
Breakdown of Home Sale Times
4 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 48039 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 48039; 57% of homes were sold within 30 days, 29% 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.