$3,859 Closing Credit*
$324,999
2,946 SqFt
3 Beds
•2 Full Baths
Jesus J Concepcion, Listing Office: Professional Real Estate of MI
Is 48092, 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, 48092 has remained a Seller's Market.
Key Takeaway
48092 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48092, MI
How much do homes in 48092, MI cost?
Median Sold Price
$255,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.3%)
Key Takeaway
Homes in 48092 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 48092 was $255,000 in November 2024, up 6.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $216K | $195K | -9.7% |
| 3 Bedrooms | $241K | $255K | +5.8% |
| 4 Bedrooms | $279.9K | $317K | +13.2% |
| 5+ Bedrooms | $331K | $360K | +8.8% |
Summary: 48092 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 9.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 48092, MI
How many homes are available in 48092, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 75 | -19.4% |
Summary: The 48092 real estate market had 75 homes for sale in November 2024, a 19.4% decrease 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 | 23 | 18 | -21.7% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 19 | 11 | -42.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48092 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 21.7%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 19 | -42.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48092, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 48092 in November 2024, down by 42.4% month-over-month. Of the 19 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% were sold over asking.
Days on Market for 48092, MI
How long does it take to sell a home in 48092, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 20 Days | +119.9% |
Summary: Homes in 48092 had an average of 20 days on market in Nov 2024, up by 119.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48092 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 48092; 63% of homes were sold within 30 days, 37% 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.