$4,036 Closing Credit*
$339,900
1,665 SqFt
3 Beds
•2 Full Baths
Autumn Doom, Listing Office: Berkshire Hathaway Hudkins Realtors in Monroe
Is 48157, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48157 was a Seller's Market.
Key Takeaway
48157 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 48157, MI
How much do homes in 48157, MI cost?
Median Sold Price
$175,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+7.7%)
Key Takeaway
Homes in 48157 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 48157 was $175,000 in November 2024, up 7.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $160.5K | $163.7K | +2.0% |
| 3 Bedrooms | $177.5K | $226.5K | +27.6% |
| 4 Bedrooms | $185K | $281.5K | +52.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48157 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 2%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes did not change.
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% |
Housing Supply in 48157, MI
How many homes are available in 48157, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The 48157 real estate market had 7 homes for sale in November 2024, a 36.4% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48157 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 decreased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48157, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 48157 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48157, MI
How long does it take to sell a home in 48157, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 96 Days | +220.0% |
Summary: Homes in 48157 had an average of 96 days on market in Nov 2024, up by 220% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 48157 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in 48157; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
