$3,741 Closing Credit*
$315,000
1,620 SqFt
3 Full Baths
Jan Dijkers, Listing Office: Berkshire Hathaway HomeServices The Loft Warehouse
Is 48215, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48215 was a Seller's Market.
Key Takeaway
48215 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48215, MI
How much do homes in 48215, MI cost?
Median Sold Price
$149,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+12.5%)
Key Takeaway
Homes in 48215 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 48215 was $149,000 in October 2024, up 12.5% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $5K | $145K | +2800.0% |
| 3 Bedrooms | $135K | $136K | +0.7% |
| 4 Bedrooms | $151K | $202.5K | +34.1% |
| 5+ Bedrooms | $111.4K | $249K | +123.4% |
Summary: 48215 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2800%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 123.4%.
Housing Supply in 48215, MI
How many homes are available in 48215, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The 48215 real estate market had 47 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 48215 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 increased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 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 48215, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 48215 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 99 Days | 44 Days | -55.5% |
Summary: Homes in 48215 had an average of 44 days on market in Oct 2024, down by 55.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48215 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 48215; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.