$2,434 Closing Credit*
$205,000
821 SqFt
3 Beds
•1 Full Bath
Barbara Zarantonello, Listing Office: Berkshire Hathaway HomeServices Kee Realty
Is 48082, 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, 48082 has remained a Seller's Market.
Key Takeaway
48082 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48082, MI
How much do homes in 48082, MI cost?
Median Sold Price
$235,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+14.6%)
Key Takeaway
Homes in 48082 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 48082 was $235,000 in November 2024, up 14.6% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167.4K | $182.5K | +9.0% |
| 3 Bedrooms | $210K | $245K | +16.7% |
| 4 Bedrooms | $305K | $247K | -19.0% |
| 5+ Bedrooms | $377.9K | $319.7K | -15.4% |
Summary: 48082 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 15.4%.
Housing Supply in 48082, MI
How many homes are available in 48082, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The 48082 real estate market had 64 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 44 | 44 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48082 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
8 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 48082, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48082 in November 2024, down by 38.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for 48082, MI
How long does it take to sell a home in 48082, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +123.2% |
Summary: Homes in 48082 had an average of 25 days on market in Nov 2024, up by 123.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48082 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 48082; 69% of homes were sold within 30 days, 31% 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.