$4,809 Closing Credit*
$405,000
2,562 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50161553, Jamie DeWolf, Listing Office: KW Platinum
Is 48041, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48041 has remained a Seller's Market.
Key Takeaway
48041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48041, MI
How much do homes in 48041, MI cost?
Median Sold Price
$216,875
$144/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$78,125(-26.5%)
Key Takeaway
Homes in 48041 have sold for 26.5% less than they did a month ago.
Summary: The median home sold price in 48041 was $216,875 in October 2024, down 26.5% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182K | - | N/A |
| 3 Bedrooms | $395K | $208.4K | -47.2% |
| 4 Bedrooms | $250K | $460K | +84.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48041 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 47.2%, 4 bedroom homes increased by 84%, and 5+ bedroom homes did not change.
Housing Supply in 48041, MI
How many homes are available in 48041, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The 48041 real estate market had 13 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48041 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48041, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 48041 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 48041, MI
How long does it take to sell a home in 48041, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +41.9% |
Summary: Homes in 48041 had an average of 33 days on market in Oct 2024, up by 41.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48041 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 48041; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.