$4,738 Closing Credit*
$399,000
1,061 SqFt
3 Beds
•2 Full Baths
Lori Goldman, Listing Office: Berkshire Hathaway HomeServices Kee Realty Bham
Is 48067, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$283/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 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 October 2024, the same as last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $341.7K | $150K | -56.1% |
| 2 Bedrooms | $301.5K | $308K | +2.2% |
| 3 Bedrooms | $350K | $346K | -1.1% |
| 4 Bedrooms | $462K | $500K | +8.2% |
| 5+ Bedrooms | $502.5K | $885K | +76.1% |
Summary: 48067 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.1%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 76.1%.
Median Sold Price Compared To Nearby Zip Codes
| 48072 | $308.9K | $322.8K | +4.5% |
| 48070 | $488.5K | $500K | +2.4% |
| 48067 | $350K | $350K | 0.0% |
| 48069 | $488.5K | $482.4K | -1.2% |
Housing Supply in 48067, MI
How many homes are available in 48067, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 149 | 159 | +6.7% |
Summary: The 48067 real estate market had 159 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 78 | 88 | +12.8% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 48067 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48067, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 48067 in October 2024, down by 21.1% month-over-month. Of the 30 sold homes, 57% were sold under asking, 17% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 20 Days | -6.1% |
Summary: Homes in 48067 had an average of 20 days on market in Oct 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 30 homes were sold in 48067; 80% of homes were sold within 30 days, 20% 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.