$8,311 Closing Credit*
$699,900
2,264 SqFt
4 Beds
•2 Full Baths, 1 Partial
Helen Aguilera, Listing Office: James Francis Realty
Is 48230, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 48230 has remained a Seller's Market.
Key Takeaway
48230 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48230, MI
How much do homes in 48230, MI cost?
Median Sold Price
$480,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$65,500(+15.8%)
Key Takeaway
Homes in 48230 have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in 48230 was $480,500 in December 2024, up 15.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $102.5K | +29.7% |
| 2 Bedrooms | $220K | $235K | +6.8% |
| 3 Bedrooms | $335K | $410K | +22.4% |
| 4 Bedrooms | $455K | $514.5K | +13.1% |
| 5+ Bedrooms | $662.5K | $610.6K | -7.8% |
Summary: 48230 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in 48230, MI
How many homes are available in 48230, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 63 | 50 | -20.6% |
Summary: The 48230 real estate market had 50 homes for sale in December 2024, a 20.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 14 | 9 | -35.7% |
Summary: The 48230 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48230, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 48230 in December 2024, down by 33.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 48230, MI
How long does it take to sell a home in 48230, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +16.3% |
Summary: Homes in 48230 had an average of 21 days on market in Dec 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48230 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in 48230; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% 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.