$3,443 Closing Credit*
$289,900
2,484 SqFt
3 Beds
•3 Full Baths
Sotero M Lopez II, Darby Reynaert, Listing Office: EXP Realty Main
Is 48237, 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, 48237 has remained a Seller's Market.
Key Takeaway
48237 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48237, MI
How much do homes in 48237, MI cost?
Median Sold Price
$234,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$19,000(+8.8%)
Key Takeaway
Homes in 48237 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 48237 was $234,000 in December 2024, up 8.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.2K | $159K | +20.2% |
| 3 Bedrooms | $215K | $235K | +9.3% |
| 4 Bedrooms | $275.5K | $244K | -11.4% |
| 5+ Bedrooms | $266.7K | $290K | +8.7% |
Summary: 48237 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in 48237, MI
How many homes are available in 48237, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 88 | 76 | -13.6% |
Summary: The 48237 real estate market had 76 homes for sale in December 2024, a 13.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 67 | 59 | -11.9% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48237 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
11 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 48237, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 48237 in December 2024, down by 13.6% month-over-month. Of the 19 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for 48237, MI
How long does it take to sell a home in 48237, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +60.9% |
Summary: Homes in 48237 had an average of 27 days on market in Dec 2024, up by 60.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48237 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 19 homes were sold in 48237; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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.