$1,970 Closing Credit*
$165,900
1,190 SqFt
3 Beds
•2 Full Baths
John Wallen, Listing Office: Helping Hands 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 November 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
$205,250
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,749(-2.3%)
Key Takeaway
Homes in 48075 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 48075 was $205,250 in November 2024, down 2.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.7K | $146.5K | +17.4% |
| 2 Bedrooms | $182.5K | $175K | -4.1% |
| 3 Bedrooms | $212K | $205.5K | -3.1% |
| 4 Bedrooms | $288.7K | $302.6K | +4.8% |
| 5+ Bedrooms | $316K | $392.5K | +24.2% |
Summary: 48075 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 24.2%.
Housing Supply in 48075, MI
How many homes are available in 48075, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 70 | +11.1% |
Summary: The 48075 real estate market had 70 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48075 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48075, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 48075 in November 2024, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +39.0% |
Summary: Homes in 48075 had an average of 33 days on market in Nov 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 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 November 2024, 18 homes were sold in 48075; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.