$646 Closing Credit*
$54,400
892 SqFt
2 Beds
•1 Full Bath
Derek C Lievens, Listing Office: Market Elite Inc
Is 48234, 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, 48234 was a Seller's Market.
Key Takeaway
48234 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 48234, MI
How much do homes in 48234, MI cost?
Median Sold Price
$55,000
$53/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+10.0%)
Key Takeaway
Homes in 48234 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 48234 was $55,000 in October 2024, up 10% from last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $35.6K | $42.7K | +20.1% |
| 3 Bedrooms | $50K | $60.5K | +21.0% |
| 4 Bedrooms | $63K | $51.5K | -18.3% |
| 5+ Bedrooms | $55.5K | $105K | +89.2% |
Summary: 48234 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 20.1%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes increased by 89.2%.
Housing Supply in 48234, MI
How many homes are available in 48234, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 162 | +14.9% |
Summary: The 48234 real estate market had 162 homes for sale in October 2024, a 14.9% 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 | 28 | 30 | +7.1% |
| 3 Bedrooms | 98 | 114 | +16.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48234 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 7.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 26 | +44.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48234, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 48234 in October 2024, up by 44.4% month-over-month. Of the 26 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for 48234, MI
How long does it take to sell a home in 48234, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 37 Days | -43.0% |
Summary: Homes in 48234 had an average of 37 days on market in Oct 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48234 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 48234; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% 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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.