$1,068 Closing Credit*
$89,900
1,786 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kelly A Matelic, Johnny Medrek, Listing Office: Park Avenue Realty Inc
Is 48141, 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, 48141 has remained a Seller's Market.
Key Takeaway
48141 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48141, MI
How much do homes in 48141, MI cost?
Median Sold Price
$112,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+21.7%)
Key Takeaway
Homes in 48141 have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in 48141 was $112,000 in November 2024, up 21.7% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $78K | +30.0% |
| 3 Bedrooms | $101K | $115K | +13.9% |
| 4 Bedrooms | $104K | $127K | +22.1% |
| 5+ Bedrooms | $145K | $165.2K | +14.0% |
Summary: 48141 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 30%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 14%.
Housing Supply in 48141, MI
How many homes are available in 48141, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 76 | 0.0% |
Summary: The 48141 real estate market had 76 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 | 5 | 10 | +100.0% |
| 3 Bedrooms | 66 | 61 | -7.6% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48141 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 increased by 100%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48141, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 48141 in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for 48141, MI
How long does it take to sell a home in 48141, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +21.1% |
Summary: Homes in 48141 had an average of 22 days on market in Nov 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48141 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 48141; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
