$4,228 Closing Credit*
$356,000
1,863 SqFt
4 Beds
•1 Full Bath, 1 Partial
Ameer Yaldo, Listing Office: ERA Prime Real Estate Group
Is 48085, 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, 48085 has remained a Seller's Market.
Key Takeaway
48085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48085, MI
How much do homes in 48085, MI cost?
Median Sold Price
$465,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,350(+7.5%)
Key Takeaway
Homes in 48085 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 48085 was $465,000 in November 2024, up 7.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $359.9K | -7.7% |
| 3 Bedrooms | $395K | $413.5K | +4.7% |
| 4 Bedrooms | $462.5K | $522K | +12.9% |
| 5+ Bedrooms | $761K | $799.9K | +5.1% |
Summary: 48085 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 decreased by 7.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 48085, MI
How many homes are available in 48085, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Summary: The 48085 real estate market had 82 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 43 | 38 | -11.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 48085 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 decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48085, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 48085 in November 2024, down by 8.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 5% were sold at asking, and 27% were sold over asking.
Days on Market for 48085, MI
How long does it take to sell a home in 48085, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +11.1% |
Summary: Homes in 48085 had an average of 27 days on market in Nov 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48085 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 48085; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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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