$1,068 Closing Credit*
$89,950
980 SqFt
3 Beds
•2 Full Baths
Amine Hachem, Listing Office: Prestige Realty Brokers Inc
Is 48219, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48219 has remained a Seller's Market.
Key Takeaway
48219 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48219, MI
How much do homes in 48219, MI cost?
Median Sold Price
$85,250
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,833(+6.0%)
Key Takeaway
Homes in 48219 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 48219 was $85,250 in October 2024, up 6% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $63.7K | +72.3% |
| 2 Bedrooms | $47.7K | $63.7K | +33.6% |
| 3 Bedrooms | $85K | $90K | +5.9% |
| 4 Bedrooms | $129.5K | $147.7K | +14.1% |
| 5+ Bedrooms | $190K | $209K | +10.0% |
Summary: 48219 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.3%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 10%.
Housing Supply in 48219, MI
How many homes are available in 48219, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 227 | 254 | +11.9% |
Summary: The 48219 real estate market had 254 homes for sale in October 2024, a 11.9% increase 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 | 44 | 43 | -2.3% |
| 3 Bedrooms | 158 | 188 | +19.0% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 48219 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 2.3%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48219, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in 48219 in October 2024, up by 27.0% month-over-month. Of the 47 sold homes, 34% were sold under asking, 19% were sold at asking, and 47% were sold over asking.
Days on Market for 48219, MI
How long does it take to sell a home in 48219, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 34 Days | +25.4% |
Summary: Homes in 48219 had an average of 34 days on market in Oct 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48219 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in 48219; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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.