$5,047 Closing Credit*
$425,000
1,196 SqFt
3 Beds
•2 Full Baths
Marc Kostelnik, Listing Office: Century 21 Curran & Oberski
Is 48128, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48128 has remained a Seller's Market.
Key Takeaway
48128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48128, MI
How much do homes in 48128, MI cost?
Median Sold Price
$295,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,550(+10.3%)
Key Takeaway
Homes in 48128 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 48128 was $295,000 in October 2024, up 10.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $258.5K | $248.5K | -3.9% |
| 3 Bedrooms | $258K | $291.5K | +13.0% |
| 4 Bedrooms | $325K | $410K | +26.2% |
| 5+ Bedrooms | $290K | $700K | +141.4% |
Summary: 48128 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 3.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 141.4%.
Housing Supply in 48128, MI
How many homes are available in 48128, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The 48128 real estate market had 40 homes for sale in October 2024, a 5.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48128 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48128, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 48128 in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.
Days on Market for 48128, MI
How long does it take to sell a home in 48128, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | 0.4% |
Summary: Homes in 48128 had an average of 12 days on market in Oct 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48128 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 48128; 88% of homes were sold within 30 days, 12% 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.