$3,561 Closing Credit*
$299,900
1,350 SqFt
3 Beds
•2 Full Baths
Alex Biasutto, Listing Office: Braven Enterprises LLC
Is 48186, 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, 48186 has remained a Seller's Market.
Key Takeaway
48186 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48186, MI
How much do homes in 48186, MI cost?
Median Sold Price
$199,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,200(+10.7%)
Key Takeaway
Homes in 48186 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 48186 was $199,000 in October 2024, up 10.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $107K | -7.0% |
| 3 Bedrooms | $182.5K | $200K | +9.6% |
| 4 Bedrooms | $224.5K | $260K | +15.8% |
| 5+ Bedrooms | $192K | $205K | +6.8% |
Summary: 48186 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 48186, MI
How many homes are available in 48186, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 101 | +3.1% |
Summary: The 48186 real estate market had 101 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 76 | 67 | -11.8% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48186 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 increased by 42.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48186, you could pay more than the asking price. 61.3% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 48186 in October 2024, down by 11.4% month-over-month. Of the 31 sold homes, 23% were sold under asking, 16% were sold at asking, and 61% were sold over asking.
Days on Market for 48186, MI
How long does it take to sell a home in 48186, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 15 Days | -21.2% |
Summary: Homes in 48186 had an average of 15 days on market in Oct 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48186 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 48186; 90% of homes were sold within 30 days, 10% 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.