$2,018 Closing Credit*
$169,900
1,026 SqFt
3 Beds
•1 Full Bath
Tracy Billens, Listing Office: RE/MAX Cornerstone
Is 48135, 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, 48135 has remained a Seller's Market.
Key Takeaway
48135 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48135, MI
How much do homes in 48135, MI cost?
Median Sold Price
$200,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,050(+9.3%)
Key Takeaway
Homes in 48135 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 48135 was $200,000 in October 2024, up 9.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $124.5K | $154.5K | +24.1% |
| 3 Bedrooms | $185K | $205K | +10.8% |
| 4 Bedrooms | $202.5K | $195K | -3.7% |
| 5+ Bedrooms | $179K | $255K | +42.5% |
Summary: 48135 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 increased by 24.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 42.5%.
Housing Supply in 48135, MI
How many homes are available in 48135, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 98 | +4.3% |
Summary: The 48135 real estate market had 98 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 15 | +114.3% |
| 3 Bedrooms | 75 | 74 | -1.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48135 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 114.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48135, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 48135 in October 2024, down by 15.2% month-over-month. Of the 28 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for 48135, MI
How long does it take to sell a home in 48135, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +40.4% |
Summary: Homes in 48135 had an average of 16 days on market in Oct 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48135 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 48135; 86% of homes were sold within 30 days, 14% 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.