$399,000
34.94 Acres
Land
Pierre Samona, Listing Office: Max Broock Realtors
Is 48050, 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, 48050 has remained a Seller's Market.
Key Takeaway
48050 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48050, MI
How much do homes in 48050, MI cost?
Median Sold Price
$450,000
$234/sqft
Based on all homes sold in October 2024.
The Median Sold Price hasn't changed since September 2024.
Key Takeaway
The sold price of homes in 48050 has remained the same since last month.
Summary: The median home sold price in 48050 was $450,000 in October 2024, the same as last month, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $485K | $450K | -7.2% |
| 4 Bedrooms | $447.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48050 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 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48062 | $291.5K | $305K | +4.6% |
| 48050 | $450K | $450K | 0.0% |
| 48064 | $341K | $277.5K | -18.6% |
Housing Supply in 48050, MI
How many homes are available in 48050, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Summary: The 48050 real estate market had 1 homes for sale in October 2024, a 83.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48050 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48050, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 48050 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48050, MI
How long does it take to sell a home in 48050, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 42 Days | +60.0% |
Summary: Homes in 48050 had an average of 42 days on market in Oct 2024, up by 60% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48050 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 48050; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
