$2,730 Closing Credit*
$229,899
1,000 SqFt
3 Beds
•1 Full Bath
Michell C Apati, Listing Office: Century 21 Curran & Oberski
Is 48067, 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, 48067 has remained a Seller's Market.
Key Takeaway
48067 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48067, MI
How much do homes in 48067, MI cost?
Median Sold Price
$350,000
$234/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 48067 has remained the same since last year.
Summary: The median home sold price in 48067 was $350,000 in November 2024, the same as last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $341.7K | $150K | -56.1% |
| 2 Bedrooms | $292.5K | $309.2K | +5.7% |
| 3 Bedrooms | $350K | $347.6K | -0.7% |
| 4 Bedrooms | $456K | $531.2K | +16.5% |
| 5+ Bedrooms | $515K | $770K | +49.5% |
Summary: 48067 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.1%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Zip Codes
| 48069 | $445K | $482.4K | +8.4% |
| 48070 | $488K | $506.5K | +3.8% |
| 48072 | $312K | $319.3K | +2.4% |
| 48067 | $350K | $350K | 0.0% |
Housing Supply in 48067, MI
How many homes are available in 48067, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 148 | 149 | +0.7% |
Summary: The 48067 real estate market had 149 homes for sale in November 2024, a 0.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 35 | 32 | -8.6% |
| 3 Bedrooms | 81 | 88 | +8.6% |
| 4 Bedrooms | 22 | 17 | -22.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 48067 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48067, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 48067 in November 2024, up by 14.3% month-over-month. Of the 40 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 48067, MI
How long does it take to sell a home in 48067, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +52.2% |
Summary: Homes in 48067 had an average of 30 days on market in Nov 2024, up by 52.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48067 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in 48067; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% 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.