$653 Closing Credit*
$55,000
917 SqFt
3 Beds
•1 Full Bath
Carlos M Polanco, Listing Office: RE/MAX Leading Edge
Is 48215, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48215 was a Seller's Market.
Key Takeaway
48215 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48215, MI
How much do homes in 48215, MI cost?
Median Sold Price
$145,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+11.5%)
Key Takeaway
Homes in 48215 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 48215 was $145,000 in November 2024, up 11.5% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $14.7K | $199K | +1249.2% |
| 3 Bedrooms | $127.5K | $125K | -1.9% |
| 4 Bedrooms | $177.5K | $193K | +8.7% |
| 5+ Bedrooms | $111.4K | $135K | +21.1% |
Summary: 48215 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 1249.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 21.1%.
Housing Supply in 48215, MI
How many homes are available in 48215, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Summary: The 48215 real estate market had 45 homes for sale in November 2024, a 4.3% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 48215 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 remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48215, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48215 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 48215, MI
How long does it take to sell a home in 48215, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 21 Days | -58.5% |
Summary: Homes in 48215 had an average of 21 days on market in Nov 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48215 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 48215; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.