$3,324 Closing Credit*
$279,900
1,972 SqFt
2 Beds
•2 Full Baths
Scott Rubin, Listing Office: Andover Real Estate dba Houzeo Michigan
Is 48189, 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, 48189 has remained a Seller's Market.
Key Takeaway
48189 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48189, MI
How much do homes in 48189, MI cost?
Median Sold Price
$410,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+12.3%)
Key Takeaway
Homes in 48189 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 48189 was $410,000 in November 2024, up 12.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $360.3K | -27.9% |
| 2 Bedrooms | $266.5K | $230K | -13.7% |
| 3 Bedrooms | $330K | $389.9K | +18.2% |
| 4 Bedrooms | $473.5K | $452.5K | -4.4% |
| 5+ Bedrooms | $438K | $556.2K | +27.0% |
Summary: 48189 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.9%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 27%.
Housing Supply in 48189, MI
How many homes are available in 48189, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 33 | -29.8% |
Summary: The 48189 real estate market had 33 homes for sale in November 2024, a 29.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 26 | 18 | -30.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 48189 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 decreased by 33.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48189, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48189 in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 48189, MI
How long does it take to sell a home in 48189, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 70 Days | +161.1% |
Summary: Homes in 48189 had an average of 70 days on market in Nov 2024, up by 161.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48189 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 48189; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
