Housing Prices in 48120, MI

How much do homes in 48120, MI cost?

Median List Price

$300,000

$199/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$47,550(+18.8%)

Key Takeaway

The list price of homes in 48120 has increased by 18.8% since last year.

Summary: The median home list price in 48120 was $300,000 in October 2024, up 18.8% from the previous year, and the median price per square foot was $199.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $190.7K$169.9K
-10.9%
3 $257.4K$317.5K
+23.3%
4 $339.9K$550.4K
+61.9%
5+ $129.9K$849.9K
+554.3%

Summary: 48120 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 10.9%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes increased by 554.3%.

Median List Price Compared To Nearby Zip Codes

48120
+18.8%
48217
+8.9%
48126
+8.3%
48209
+8.0%
48122
0.0%

Housing Supply in 48120, MI

How many homes are available in 48120, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87-12.5%

Summary: The 48120 real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 56
+20.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 48120 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Days on Market for 48120, MI

How long does it take to sell a home in 48120, MI?

Average Listing Age

Oct 2023Oct 2024CHANGE
66 Days43 Days-35.2%

Summary: Homes in 48120 had an average listing age of 43 days in Oct 2024, down by 35.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 48120, MI

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