$2,136 Closing Credit*
$179,900
2,082 SqFt
3 Beds
•1 Full Bath, 1 Partial
Juan P Clavon, Listing Office: A Star National Realty
Is 48235, 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, 48235 was a Seller's Market.
Key Takeaway
48235 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48235, MI
How much do homes in 48235, MI cost?
Median Sold Price
$105,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,650(+24.3%)
Key Takeaway
Homes in 48235 have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in 48235 was $105,500 in November 2024, up 24.3% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $53K | $60K | +13.2% |
| 3 Bedrooms | $90K | $115K | +27.8% |
| 4 Bedrooms | $127K | $140K | +10.2% |
| 5+ Bedrooms | $140K | $118.9K | -15.0% |
Summary: 48235 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 13.2%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 15%.
Housing Supply in 48235, MI
How many homes are available in 48235, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 270 | 235 | -13.0% |
Summary: The 48235 real estate market had 235 homes for sale in November 2024, a 13.0% 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 | 31 | 24 | -22.6% |
| 3 Bedrooms | 218 | 189 | -13.3% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48235 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 decreased by 22.6%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 30 | -53.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48235, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 48235 in November 2024, down by 53.8% month-over-month. Of the 30 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for 48235, MI
How long does it take to sell a home in 48235, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -14.0% |
Summary: Homes in 48235 had an average of 37 days on market in Nov 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48235 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 48235; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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.