$1,721 Closing Credit*
$144,900
1,534 SqFt
3 Beds
•2 Full Baths
Tricia Kortes, Listing Office: Berkshire Hathaway HomeServices Kee Realty Clinton
Is 48170, 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, 48170 has remained a Seller's Market.
Key Takeaway
48170 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48170, MI
How much do homes in 48170, MI cost?
Median Sold Price
$447,666
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,506(+1.0%)
Key Takeaway
Homes in 48170 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 48170 was $447,666 in October 2024, up 1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.7K | $129.9K | -13.8% |
| 2 Bedrooms | $264K | $286K | +8.3% |
| 3 Bedrooms | $448K | $410.5K | -8.4% |
| 4 Bedrooms | $545.4K | $605K | +10.9% |
| 5+ Bedrooms | $635K | $625K | -1.6% |
Summary: 48170 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 48170, MI
How many homes are available in 48170, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 150 | -6.3% |
Summary: The 48170 real estate market had 150 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 60 | 54 | -10.0% |
| 4 Bedrooms | 62 | 57 | -8.1% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 48170 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 decreased by 6.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 49 | -15.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48170, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in 48170 in October 2024, down by 15.5% month-over-month. Of the 49 sold homes, 47% were sold under asking, 14% were sold at asking, and 39% were sold over asking.
Days on Market for 48170, MI
How long does it take to sell a home in 48170, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +13.4% |
Summary: Homes in 48170 had an average of 28 days on market in Oct 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48170 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 49 homes were sold in 48170; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
