$3,859 Closing Credit*
$325,000
2,274 SqFt
3 Beds
•2 Full Baths, 1 Partial
Erin Williams, Listing Office: KW Realty Livingston
Is 48076, 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, 48076 has remained a Seller's Market.
Key Takeaway
48076 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48076, MI
How much do homes in 48076, MI cost?
Median Sold Price
$270,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,500(+2.5%)
Key Takeaway
Homes in 48076 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 48076 was $270,000 in October 2024, up 2.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88K | $77K | -12.5% |
| 2 Bedrooms | $155K | $150K | -3.2% |
| 3 Bedrooms | $250K | $263.9K | +5.6% |
| 4 Bedrooms | $329K | $350K | +6.4% |
| 5+ Bedrooms | $300K | $452.5K | +50.8% |
Summary: 48076 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 50.8%.
Housing Supply in 48076, MI
How many homes are available in 48076, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 78 | +13.0% |
Summary: The 48076 real estate market had 78 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 48076 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48076, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 48076 in October 2024, up by 37.5% month-over-month. Of the 22 sold homes, 59% were sold under asking, 14% were sold at asking, and 27% were sold over asking.
Days on Market for 48076, MI
How long does it take to sell a home in 48076, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 40 Days | +105.1% |
Summary: Homes in 48076 had an average of 40 days on market in Oct 2024, up by 105.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48076 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 48076; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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.