$2,126 Closing Credit*
$179,000
912 SqFt
2 Beds
•1 Full Bath
Lisa Moore, Listing Office: Moore Realty Group - Dundee
Is 48145, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48145 was a Seller's Market.
Key Takeaway
48145 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48145, MI
How much do homes in 48145, MI cost?
Median Sold Price
$273,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,000(+27.0%)
Key Takeaway
Homes in 48145 have sold for 27% more than they did a year ago.
Summary: The median home sold price in 48145 was $273,000 in October 2024, up 27% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | - | N/A |
| 2 Bedrooms | $162.6K | $260K | +59.9% |
| 3 Bedrooms | $195K | $247.5K | +26.9% |
| 4 Bedrooms | $273.5K | $419.9K | +53.5% |
| 5+ Bedrooms | $300K | $360K | +20.0% |
Summary: 48145 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 increased by 59.9%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Zip Codes
| 48145 | $215K | $273K | +27.0% |
| 48133 | $190.5K | $202.5K | +6.3% |
| 48157 | $160.5K | $169K | +5.3% |
| 48161 | $188.9K | $185K | -2.1% |
Housing Supply in 48145, MI
How many homes are available in 48145, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The 48145 real estate market had 17 homes for sale in October 2024, a 21.4% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48145 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 increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48145, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 48145 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 4 Days | -85.5% |
Summary: Homes in 48145 had an average of 4 days on market in Oct 2024, down by 85.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48145 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 48145; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
