$5,344 Closing Credit*
$450,000
2,445 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50163432, Maria McGuire, Listing Office: RE/MAX Eclipse New Baltimore
Is 48095, 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, 48095 has remained a Seller's Market.
Key Takeaway
48095 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48095, MI
How much do homes in 48095, MI cost?
Median Sold Price
$565,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,500(+17.1%)
Key Takeaway
Homes in 48095 have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in 48095 was $565,000 in November 2024, up 17.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | $296.7K | -17.6% |
| 3 Bedrooms | $390K | $430K | +10.3% |
| 4 Bedrooms | $580K | $712.5K | +22.8% |
| 5+ Bedrooms | $751K | $950K | +26.5% |
Summary: 48095 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 17.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 26.5%.
Housing Supply in 48095, MI
How many homes are available in 48095, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 48095 real estate market had 25 homes for sale in November 2024, a 3.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 48095 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48095, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 48095 in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 48095, MI
How long does it take to sell a home in 48095, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 49 Days | +174.4% |
Summary: Homes in 48095 had an average of 49 days on market in Nov 2024, up by 174.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48095 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 48095; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.