Housing Prices in 48140, MI

How much do homes in 48140, MI cost?

Median List Price

$297,450

$161/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$33,000(+12.5%)

Key Takeaway

The list price of homes in 48140 has increased by 12.5% since last year.

Summary: The median home list price in 48140 was $297,450 in November 2024, up 12.5% from the previous year, and the median price per square foot was $161.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $134.9K$189.9K
+40.8%
3 $297.4K$269.9K
-9.3%
4 $264.4K$334.9K
+26.6%
5+ -$619K
N/A

Summary: 48140 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 40.8%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

49270
+34.6%
48140
+12.5%
48161
+2.2%
48182
+1.3%
48131
0.0%

Housing Supply in 48140, MI

How many homes are available in 48140, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
990.0%

Summary: The 48140 real estate market had 9 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 33
0.0%
5+ 21
-50.0%

Summary: The 48140 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Days on Market for 48140, MI

How long does it take to sell a home in 48140, MI?

Average Listing Age

Nov 2023Nov 2024CHANGE
98 Days49 Days-49.4%

Summary: Homes in 48140 had an average listing age of 49 days in Nov 2024, down by 49.4% compared to the previous year.

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

Report Updated 17 Days Ago

Newest Listings in 48140, MI

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