$1,424 Closing Credit*
$119,900
864 SqFt
2 Beds
•1 Full Bath
#50160168, Linda Browning, Listing Office: Express Realty, Inc.
Is 48089, 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, 48089 has remained a Seller's Market.
Key Takeaway
48089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48089, MI
How much do homes in 48089, MI cost?
Median Sold Price
$125,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,250(+7.1%)
Key Takeaway
Homes in 48089 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 48089 was $125,000 in October 2024, up 7.1% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $68K | +9.7% |
| 2 Bedrooms | $87.7K | $96.5K | +10.0% |
| 3 Bedrooms | $130K | $143.5K | +10.4% |
| 4 Bedrooms | $125K | $131.7K | +5.4% |
| 5+ Bedrooms | $160K | $150K | -6.3% |
Summary: 48089 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 48089, MI
How many homes are available in 48089, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 160 | +15.1% |
Summary: The 48089 real estate market had 160 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 34 | 37 | +8.8% |
| 3 Bedrooms | 82 | 92 | +12.2% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 48089 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 8.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48089, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 48089 in October 2024, up by 16.7% month-over-month. Of the 42 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for 48089, MI
How long does it take to sell a home in 48089, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +8.1% |
Summary: Homes in 48089 had an average of 22 days on market in Oct 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48089 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in 48089; 67% of homes were sold within 30 days, 29% 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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.