$5,758 Closing Credit*
$484,900
2,247 SqFt
4 Beds
•3 Full Baths
Hari K Kakumanu, Listing Office: Community Choice Realty Associates, LLC
Is 48165, 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, 48165 was a Neutral Market.
Key Takeaway
48165 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48165, MI
How much do homes in 48165, MI cost?
Median Sold Price
$484,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.4%)
Key Takeaway
The sold price of homes in 48165 has remained the same since last year.
Summary: The median home sold price in 48165 was $484,000 in November 2024, down 0.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.1K | $63.4K | +62.3% |
| 2 Bedrooms | $500.6K | $407K | -18.7% |
| 3 Bedrooms | $440K | $429.9K | -2.3% |
| 4 Bedrooms | $540K | $575K | +6.5% |
| 5+ Bedrooms | $550K | - | N/A |
Summary: 48165 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.3%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Housing Supply in 48165, MI
How many homes are available in 48165, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The 48165 real estate market had 25 homes for sale in November 2024, a 8.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48165 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48165, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 48165 in November 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 48165, MI
How long does it take to sell a home in 48165, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 86 Days | 9 Days | -89.3% |
Summary: Homes in 48165 had an average of 9 days on market in Nov 2024, down by 89.3% compared to last year.
Breakdown of Home Sale Times
6 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 48165 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 48165; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.