$3,264 Closing Credit*
$274,900
1,870 SqFt
3 Beds
•3 Full Baths
Victoria Camaj, Listing Office: Providence Properties, Realty & Management
Is 48174, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 48174 has remained a Seller's Market.
Key Takeaway
48174 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48174, MI
How much do homes in 48174, MI cost?
Median Sold Price
$203,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,000(+12.2%)
Key Takeaway
Homes in 48174 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 48174 was $203,000 in December 2024, up 12.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $165K | +8.2% |
| 3 Bedrooms | $177.7K | $196.5K | +10.5% |
| 4 Bedrooms | $291.5K | $315K | +8.1% |
| 5+ Bedrooms | $355K | $463K | +30.4% |
Summary: 48174 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 30.4%.
Housing Supply in 48174, MI
How many homes are available in 48174, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 72 | 54 | -25.0% |
Summary: The 48174 real estate market had 54 homes for sale in December 2024, a 25.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 4 | -63.6% |
| 3 Bedrooms | 43 | 34 | -20.9% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 48174 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 63.6%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48174, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48174 in December 2024, down by 43.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for 48174, MI
How long does it take to sell a home in 48174, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 14 Days | -50.5% |
Summary: Homes in 48174 had an average of 14 days on market in Dec 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48174 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in 48174; 85% of homes were sold within 30 days, 15% 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.