$3,918 Closing Credit*
$329,900
1,076 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kyle Desmond, Listing Office: @propertiesChristies Intl RE
Is 48073, 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, 48073 has remained a Seller's Market.
Key Takeaway
48073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48073, MI
How much do homes in 48073, MI cost?
Median Sold Price
$340,083
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,083(+6.3%)
Key Takeaway
Homes in 48073 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 48073 was $340,083 in November 2024, up 6.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106K | $114.5K | +8.0% |
| 2 Bedrooms | $195K | $216K | +10.8% |
| 3 Bedrooms | $330K | $348.7K | +5.7% |
| 4 Bedrooms | $470K | $484.7K | +3.1% |
| 5+ Bedrooms | $758K | $892.5K | +17.7% |
Summary: 48073 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in 48073, MI
How many homes are available in 48073, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 174 | 159 | -8.6% |
Summary: The 48073 real estate market had 159 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 28 | 23 | -17.9% |
| 3 Bedrooms | 100 | 87 | -13.0% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 48073 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48073, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 48073 in November 2024, down by 15.1% month-over-month. Of the 45 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% were sold over asking.
Days on Market for 48073, MI
How long does it take to sell a home in 48073, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +20.1% |
Summary: Homes in 48073 had an average of 24 days on market in Nov 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48073 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in 48073; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% 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. 
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