$2,838 Closing Credit*
$239,000
1,142 SqFt
2 Beds
•2 Full Baths
Erin Cicero, Listing Office: Howard Hanna Real Estate
Is 48130, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48130 was a Seller's Market.
Key Takeaway
48130 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 48130, MI
How much do homes in 48130, MI cost?
Median Sold Price
$504,245
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,245(+1.9%)
Key Takeaway
Homes in 48130 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 48130 was $504,245 in November 2024, up 1.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357K | $349.5K | -2.1% |
| 2 Bedrooms | $388.7K | $247.5K | -36.3% |
| 3 Bedrooms | $415K | $426.5K | +2.8% |
| 4 Bedrooms | $522.5K | $519K | -0.7% |
| 5+ Bedrooms | $660K | $669.4K | +1.4% |
Summary: 48130 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 36.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 48130, MI
How many homes are available in 48130, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 56 | 0.0% |
Summary: The 48130 real estate market had 56 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 48130 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 remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48130, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 48130 in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 48130, MI
How long does it take to sell a home in 48130, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 42 Days | -44.3% |
Summary: Homes in 48130 had an average of 42 days on market in Nov 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48130 has remained consistent over time.
Summary: During November 2024, 9 homes were sold in 48130; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.