$652 Closing Credit*
$54,900
750 SqFt
2 Beds
•1 Full Bath
Md Tawhedul Khan, Listing Office: American Realtors
Is 48212, 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, 48212 has remained a Seller's Market.
Key Takeaway
48212 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48212, MI
How much do homes in 48212, MI cost?
Median Sold Price
$157,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,450(+10.1%)
Key Takeaway
Homes in 48212 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 48212 was $157,500 in November 2024, up 10.1% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $88.7K | $105K | +18.3% |
| 3 Bedrooms | $132K | $150K | +13.6% |
| 4 Bedrooms | $165K | $174K | +5.5% |
| 5+ Bedrooms | $215K | $213.5K | -0.7% |
Summary: 48212 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 48212, MI
How many homes are available in 48212, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The 48212 real estate market had 53 homes for sale in November 2024, a 6.0% increase 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 48212 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 increased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48212, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 48212 in November 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 48212, MI
How long does it take to sell a home in 48212, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 11 Days | -73.9% |
Summary: Homes in 48212 had an average of 11 days on market in Nov 2024, down by 73.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48212 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 48212; 89% of homes were sold within 30 days, 11% 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.