$1,425 Closing Credit*
$120,000
648 SqFt
2 Beds
•1 Full Bath
Lisa Kinney, Listing Office: BBR Realty LLC
Is 48192, 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, 48192 has remained a Seller's Market.
Key Takeaway
48192 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48192, MI
How much do homes in 48192, MI cost?
Median Sold Price
$190,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+5.6%)
Key Takeaway
Homes in 48192 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 48192 was $190,000 in November 2024, up 5.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.7K | $123.5K | +23.8% |
| 2 Bedrooms | $150K | $165K | +10.0% |
| 3 Bedrooms | $185K | $195K | +5.4% |
| 4 Bedrooms | $190K | $265K | +39.5% |
| 5+ Bedrooms | $203K | $280K | +37.9% |
Summary: 48192 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes increased by 37.9%.
Housing Supply in 48192, MI
How many homes are available in 48192, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 79 | -14.1% |
Summary: The 48192 real estate market had 79 homes for sale in November 2024, a 14.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 28 | 24 | -14.3% |
| 3 Bedrooms | 40 | 33 | -17.5% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 48192 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48192, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 48192 in November 2024, down by 25.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 48192, MI
How long does it take to sell a home in 48192, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 29 Days | +95.8% |
Summary: Homes in 48192 had an average of 29 days on market in Nov 2024, up by 95.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48192 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 48192; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.