$10,000 Closing Credit*
$1,795,000
5,490 SqFt
4 Beds
•4 Full Baths
Terri Fenelon, Lloyd C ODell, Listing Office: KW Professionals Brighton, Keller Williams Advantage
Is 48178, 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, 48178 has remained a Seller's Market.
Key Takeaway
48178 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48178, MI
How much do homes in 48178, MI cost?
Median Sold Price
$452,321
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,851(+3.2%)
Key Takeaway
Homes in 48178 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 48178 was $452,321 in November 2024, up 3.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $92.4K | -26.0% |
| 2 Bedrooms | $173.1K | $161K | -7.0% |
| 3 Bedrooms | $380K | $366K | -3.7% |
| 4 Bedrooms | $526.1K | $562K | +6.8% |
| 5+ Bedrooms | $617.5K | $744.9K | +20.6% |
Summary: 48178 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 20.6%.
Housing Supply in 48178, MI
How many homes are available in 48178, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 149 | 142 | -4.7% |
Summary: The 48178 real estate market had 142 homes for sale in November 2024, a 4.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 40 | 36 | -10.0% |
| 4 Bedrooms | 69 | 65 | -5.8% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 48178 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 29 | -37.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48178, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 48178 in November 2024, down by 37.0% month-over-month. Of the 29 sold homes, 38% were sold under asking, 14% were sold at asking, and 48% were sold over asking.
Days on Market for 48178, MI
How long does it take to sell a home in 48178, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -16.4% |
Summary: Homes in 48178 had an average of 27 days on market in Nov 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48178 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 48178; 62% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
