$4,749 Closing Credit*
$399,900
3,679 SqFt
3 Beds
•3 Full Baths
Tom Wagner, Listing Office: Howard Hanna - Monroe
Is 48144, 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, 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
$275,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+7.8%)
Key Takeaway
Homes in 48144 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 48144 was $275,000 in November 2024, up 7.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $250K | $184.2K | -26.3% |
| 3 Bedrooms | $238K | $245K | +2.9% |
| 4 Bedrooms | $290K | $350K | +20.7% |
| 5+ Bedrooms | $465K | $300.7K | -35.3% |
Summary: 48144 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 decreased by 26.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 35.3%.
Median Sold Price Compared To Nearby Zip Codes
| 48144 | $255K | $275K | +7.8% |
| 48182 | $255K | $263K | +3.1% |
Housing Supply in 48144, MI
How many homes are available in 48144, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Summary: The 48144 real estate market had 27 homes for sale in November 2024, a 22.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48144 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 decreased by 22.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48144, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 48144 in November 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 60 Days | -1.9% |
Summary: Homes in 48144 had an average of 60 days on market in Nov 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 14 homes were sold in 48144; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
