$4,415 Closing Credit*
$371,755
1,773 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Fader, Listing Office: M/I Homes of Michigan, LLC
Is 48176, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48176 has remained a Seller's Market.
Key Takeaway
48176 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48176, MI
How much do homes in 48176, MI cost?
Median Sold Price
$439,950
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,950(+7.3%)
Key Takeaway
Homes in 48176 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 48176 was $439,950 in November 2024, up 7.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $273.8K | $286K | +4.4% |
| 3 Bedrooms | $366K | $399.9K | +9.3% |
| 4 Bedrooms | $525K | $555K | +5.7% |
| 5+ Bedrooms | $605K | $633.8K | +4.8% |
Summary: 48176 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 4.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 48176, MI
How many homes are available in 48176, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 111 | -3.5% |
Summary: The 48176 real estate market had 111 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 40 | 39 | -2.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 48176 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48176, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 48176 in November 2024, up by 31.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 8% were sold at asking, and 36% were sold over asking.
Days on Market for 48176, MI
How long does it take to sell a home in 48176, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 179 Days | 71 Days | -60.2% |
Summary: Homes in 48176 had an average of 71 days on market in Nov 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48176 has remained consistent over time.
Summary: During November 2024, 25 homes were sold in 48176; 28% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% 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.