$3,781 Closing Credit*
$318,400
1,677 SqFt
3 Beds
•2 Full Baths
Olivia Rosenbergh, Listing Office: Clubhouse Realty LLC
Is 48075, 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, 48075 has remained a Seller's Market.
Key Takeaway
48075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48075, MI
How much do homes in 48075, MI cost?
Median Sold Price
$210,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+1.0%)
Key Takeaway
Homes in 48075 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 48075 was $210,000 in October 2024, up 1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.7K | $146.5K | +17.4% |
| 2 Bedrooms | $180K | $175K | -2.8% |
| 3 Bedrooms | $208K | $210K | +1.0% |
| 4 Bedrooms | $287.5K | $275.5K | -4.2% |
| 5+ Bedrooms | $320K | $390K | +21.9% |
Summary: 48075 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in 48075, MI
How many homes are available in 48075, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 61 | -1.6% |
Summary: The 48075 real estate market had 61 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48075 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48075, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 48075 in October 2024, the same as the previous month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for 48075, MI
How long does it take to sell a home in 48075, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 42 Days | +113.3% |
Summary: Homes in 48075 had an average of 42 days on market in Oct 2024, up by 113.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48075 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 48075; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
