$10,000 Closing Credit*
$1,996,000
3,659 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50163056, Barbara Gates, Listing Office: MJC Real Estate Co Inc.
Is 48094, 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, 48094 has remained a Seller's Market.
Key Takeaway
48094 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48094, MI
How much do homes in 48094, MI cost?
Median Sold Price
$431,417
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,482(-1.9%)
Key Takeaway
Homes in 48094 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 48094 was $431,417 in November 2024, down 1.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $311.9K | -1.0% |
| 3 Bedrooms | $430K | $430K | 0.0% |
| 4 Bedrooms | $512.1K | $589.5K | +15.1% |
| 5+ Bedrooms | $1.0M | $826.5K | -23.6% |
Summary: 48094 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 1%, 3 bedroom homes did not change, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 23.6%.
Housing Supply in 48094, MI
How many homes are available in 48094, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 62 | -15.1% |
Summary: The 48094 real estate market had 62 homes for sale in November 2024, a 15.1% 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 | 21 | 12 | -42.9% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48094 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 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
6 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 48094, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48094 in November 2024, down by 43.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for 48094, MI
How long does it take to sell a home in 48094, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 19 Days | -67.5% |
Summary: Homes in 48094 had an average of 19 days on market in Nov 2024, down by 67.5% 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 48094 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 48094; 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.