$8,311 Closing Credit*
$699,900
1,236 SqFt
3 Beds
•1 Full Bath
Allison Grego, Listing Office: Century 21 Allstar Real Estate Team, Inc in Monroe
Is 48144, 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, 48144 has remained a Seller's Market.
Key Takeaway
48144 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48144, MI
How much do homes in 48144, MI cost?
Median Sold Price
$267,450
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,450(+5.7%)
Key Takeaway
Homes in 48144 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 48144 was $267,450 in October 2024, up 5.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $250K | $174.6K | -30.1% |
| 3 Bedrooms | $235K | $240K | +2.1% |
| 4 Bedrooms | $310K | $350K | +12.9% |
| 5+ Bedrooms | $465K | $285K | -38.7% |
Summary: 48144 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 decreased by 30.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 38.7%.
Housing Supply in 48144, MI
How many homes are available in 48144, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The 48144 real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48144 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48144, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 48144 in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 48144, MI
How long does it take to sell a home in 48144, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 33 Days | +147.1% |
Summary: Homes in 48144 had an average of 33 days on market in Oct 2024, up by 147.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48144 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 48144; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
