$2,553 Closing Credit*
$214,999
1,218 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ahmad Hamade, Listing Office: RE/MAX Leading Edge
Is 48146, 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, 48146 has remained a Seller's Market.
Key Takeaway
48146 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48146, MI
How much do homes in 48146, MI cost?
Median Sold Price
$149,966
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,966(+7.1%)
Key Takeaway
Homes in 48146 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 48146 was $149,966 in October 2024, up 7.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.4K | $75K | -18.8% |
| 2 Bedrooms | $110.7K | $130K | +17.4% |
| 3 Bedrooms | $149.9K | $156.7K | +4.6% |
| 4 Bedrooms | $145K | $167.9K | +15.8% |
| 5+ Bedrooms | $166K | $176K | +6.0% |
Summary: 48146 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 6%.
Housing Supply in 48146, MI
How many homes are available in 48146, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 134 | +12.6% |
Summary: The 48146 real estate market had 134 homes for sale in October 2024, a 12.6% 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 | 32 | 32 | 0.0% |
| 3 Bedrooms | 75 | 93 | +24.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48146 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 remained the same, 3 bedroom homes increased by 24%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48146, you could pay more than the asking price. 73% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 48146 in October 2024, down by 2.6% month-over-month. Of the 37 sold homes, 14% were sold under asking, 14% were sold at asking, and 73% were sold over asking.
Days on Market for 48146, MI
How long does it take to sell a home in 48146, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 12 Days | -53.8% |
Summary: Homes in 48146 had an average of 12 days on market in Oct 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48146 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 48146; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
