$3,027 Closing Credit*
$254,900
1,595 SqFt
3 Beds
•2 Full Baths
Steve Hudkins, Listing Office: Berkshire Hathaway Hudkins Realtors in Monroe
Is 48145, 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, 48145 has remained a Neutral Market.
Key Takeaway
48145 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48145, MI
How much do homes in 48145, MI cost?
Median Sold Price
$263,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,000(+16.9%)
Key Takeaway
Homes in 48145 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 48145 was $263,500 in November 2024, up 16.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | - | N/A |
| 2 Bedrooms | $162.6K | $200K | +23.0% |
| 3 Bedrooms | $205K | $243.7K | +18.9% |
| 4 Bedrooms | $273.5K | $419.9K | +53.5% |
| 5+ Bedrooms | $300K | $2.4M | +730.8% |
Summary: 48145 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 23%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes increased by 730.8%.
Median Sold Price Compared To Nearby Zip Codes
| 48145 | $225.5K | $263.5K | +16.9% |
| 48157 | $162.5K | $175K | +7.7% |
| 48133 | $185K | $187.4K | +1.3% |
| 48161 | $189.9K | $184K | -3.1% |
Housing Supply in 48145, MI
How many homes are available in 48145, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The 48145 real estate market had 13 homes for sale in November 2024, a 18.8% 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 | 12 | 9 | -25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48145 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48145, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48145 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48145, MI
How long does it take to sell a home in 48145, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 103 Days | +590.0% |
Summary: Homes in 48145 had an average of 103 days on market in Nov 2024, up by 590% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48145 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 48145; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
