$3,443 Closing Credit*
$289,900
1,810 SqFt
3 Beds
•1 Full Bath, 1 Partial
Nazar Bezkostyy, Listing Office: Key Realty One
Is 48093, 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, 48093 has remained a Seller's Market.
Key Takeaway
48093 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48093, MI
How much do homes in 48093, MI cost?
Median Sold Price
$238,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+5.8%)
Key Takeaway
Homes in 48093 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 48093 was $238,000 in November 2024, up 5.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $89.4K | -0.6% |
| 2 Bedrooms | $143K | $155K | +8.4% |
| 3 Bedrooms | $235K | $255K | +8.5% |
| 4 Bedrooms | $276.7K | $320K | +15.6% |
| 5+ Bedrooms | $210K | $370K | +76.2% |
Summary: 48093 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 76.2%.
Housing Supply in 48093, MI
How many homes are available in 48093, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 91 | -11.7% |
Summary: The 48093 real estate market had 91 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 60 | 50 | -16.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48093 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48093, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 48093 in November 2024, down by 18.2% month-over-month. Of the 27 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for 48093, MI
How long does it take to sell a home in 48093, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +24.4% |
Summary: Homes in 48093 had an average of 32 days on market in Nov 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48093 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 48093; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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.