$5,047 Closing Credit*
$425,000
6,000 SqFt
3 Beds
•1 Full Bath
Katie Wheeler, Listing Office: Match Realty
Is 48208, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48208 has remained a Buyer's Market.
Key Takeaway
48208 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48208, MI
How much do homes in 48208, MI cost?
Median Sold Price
$105,000
$65/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$45,000(-30.0%)
Key Takeaway
Homes in 48208 have sold for 30% less than they did a month ago.
Summary: The median home sold price in 48208 was $105,000 in October 2024, down 30% from last month, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395.7K | $55K | -86.1% |
| 3 Bedrooms | $42K | $675K | +1507.1% |
| 4 Bedrooms | $150K | $45K | -70.0% |
| 5+ Bedrooms | - | $155K | N/A |
Summary: 48208 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 86.1%, 3 bedroom homes increased by 1507.1%, 4 bedroom homes decreased by 70%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48201 | $334.8K | $527.5K | +57.5% |
| 48208 | $150K | $105K | -30.0% |
Housing Supply in 48208, MI
How many homes are available in 48208, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The 48208 real estate market had 38 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 48208 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 decreased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48208, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48208 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 48208, MI
How long does it take to sell a home in 48208, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 88 Days | +173.7% |
Summary: Homes in 48208 had an average of 88 days on market in Oct 2024, up by 173.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 48208 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 48208; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
