$9,236 Closing Credit*
$777,777
2,956 SqFt
4 Beds
•2 Full Baths, 2 Partial
Tom Wash, Listing Office: EXP Z Real Estate
Is 48236, 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, 48236 has remained a Seller's Market.
Key Takeaway
48236 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48236, MI
How much do homes in 48236, MI cost?
Median Sold Price
$390,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,500(+20.6%)
Key Takeaway
Homes in 48236 have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in 48236 was $390,000 in October 2024, up 20.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67K | N/A |
| 2 Bedrooms | $232K | $282K | +21.6% |
| 3 Bedrooms | $297.5K | $330K | +10.9% |
| 4 Bedrooms | $402.5K | $502.5K | +24.8% |
| 5+ Bedrooms | $665K | $947.5K | +42.5% |
Summary: 48236 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 21.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes increased by 42.5%.
Housing Supply in 48236, MI
How many homes are available in 48236, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 130 | -3.0% |
Summary: The 48236 real estate market had 130 homes for sale in October 2024, a 3.0% decrease 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 | 17 | 15 | -11.8% |
| 3 Bedrooms | 62 | 62 | 0.0% |
| 4 Bedrooms | 43 | 37 | -14.0% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The 48236 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 11.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 40 | -11.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48236, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 48236 in October 2024, down by 11.1% month-over-month. Of the 40 sold homes, 48% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for 48236, MI
How long does it take to sell a home in 48236, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 20 Days | -45.9% |
Summary: Homes in 48236 had an average of 20 days on market in Oct 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48236 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 48236; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% 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.