$2,969 Closing Credit*
$250,000
2,502 SqFt
3 Full Baths
Steven Koski, Listing Office: Berkshire Hathaway HomeServices Kee Realty Clinton
Is 48043, 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, 48043 has remained a Seller's Market.
Key Takeaway
48043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48043, MI
How much do homes in 48043, MI cost?
Median Sold Price
$182,250
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,250(+9.1%)
Key Takeaway
Homes in 48043 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 48043 was $182,250 in November 2024, up 9.1% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | $70K | +25.0% |
| 2 Bedrooms | $119K | $130K | +9.2% |
| 3 Bedrooms | $177.7K | $196.5K | +10.5% |
| 4 Bedrooms | $171K | $202.5K | +18.4% |
| 5+ Bedrooms | $222K | $267.5K | +20.5% |
Summary: 48043 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in 48043, MI
How many homes are available in 48043, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 60 | -4.8% |
Summary: The 48043 real estate market had 60 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48043 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48043, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 48043 in November 2024, up by 6.7% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48043, MI
How long does it take to sell a home in 48043, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 34 Days | +71.8% |
Summary: Homes in 48043 had an average of 34 days on market in Nov 2024, up by 71.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48043 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 48043; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% 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.