$3,205 Closing Credit*
$269,900
1,999 SqFt
3 Beds
•1 Full Bath, 1 Partial
Corey Welch, Listing Office: eXp Realty LLC in Monroe
Is 48140, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48140 has remained a Seller's Market.
Key Takeaway
48140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48140, MI
How much do homes in 48140, MI cost?
Median Sold Price
$384,150
$135/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$69,150(+22.0%)
Key Takeaway
Homes in 48140 have sold for 22% more than they did a month ago.
Summary: The median home sold price in 48140 was $384,150 in October 2024, up 22% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $240K | - | N/A |
| 4 Bedrooms | $417.5K | $410K | -1.8% |
| 5+ Bedrooms | - | $358.3K | N/A |
Summary: 48140 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.
Housing Supply in 48140, MI
How many homes are available in 48140, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The 48140 real estate market had 10 homes for sale in October 2024, a 25.0% 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 | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 48140 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48140, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48140 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 48140, MI
How long does it take to sell a home in 48140, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 134 Days | +205.7% |
Summary: Homes in 48140 had an average of 134 days on market in Oct 2024, up by 205.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48140 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 48140; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
