$650,000
31.91 Acres
Land
#50161468, AL KELLER, Listing Office: Keller & Associates Real Estate , LLC
Is 48095, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48095 was a Seller's Market.
Key Takeaway
48095 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48095, MI
How much do homes in 48095, MI cost?
Median Sold Price
$597,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$157,000(+35.7%)
Key Takeaway
Homes in 48095 have sold for 35.7% more than they did a year ago.
Summary: The median home sold price in 48095 was $597,000 in October 2024, up 35.7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | $296.7K | -17.6% |
| 3 Bedrooms | $390K | $435K | +11.5% |
| 4 Bedrooms | $575K | $725K | +26.1% |
| 5+ Bedrooms | $750K | $950K | +26.7% |
Summary: 48095 housing prices by bedroom type for October 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 11.5%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 26.7%.
Housing Supply in 48095, MI
How many homes are available in 48095, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The 48095 real estate market had 25 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 48095 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48095, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 48095 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -27.6% |
Summary: Homes in 48095 had an average of 19 days on market in Oct 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48095 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 48095; 75% of homes were sold within 30 days, 25% 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.