$3,443 Closing Credit*
$289,900
1,480 SqFt
4 Beds
•1 Full Bath, 1 Partial
Desiree Cataldo, Listing Office: RE/MAX Leading Edge
Is 48128, 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, 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
$295,200
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,200(+9.3%)
Key Takeaway
Homes in 48128 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 48128 was $295,200 in November 2024, up 9.3% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $226.7K | $248.5K | +9.6% |
| 3 Bedrooms | $260K | $293K | +12.7% |
| 4 Bedrooms | $325K | $390K | +20.0% |
| 5+ Bedrooms | $317.5K | $700K | +120.5% |
Summary: 48128 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 increased by 9.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 120.5%.
Housing Supply in 48128, MI
How many homes are available in 48128, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 31 | -26.2% |
Summary: The 48128 real estate market had 31 homes for sale in November 2024, a 26.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 32 | 26 | -18.8% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 48128 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 18.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48128, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 48128 in November 2024, down by 45.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -20.7% |
Summary: Homes in 48128 had an average of 13 days on market in Nov 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
9 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 November 2024, 11 homes were sold in 48128; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
