$10,000 Closing Credit*
$2,095,000
4,250 SqFt
5 Beds
•5 Full Baths, 2 Partial
Alan Amcheslavsky, Listing Office: Home One Realty LLC
Is 48301, 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, 48301 has remained a Seller's Market.
Key Takeaway
48301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48301, MI
How much do homes in 48301, MI cost?
Median Sold Price
$725,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+11.5%)
Key Takeaway
Homes in 48301 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 48301 was $725,000 in October 2024, up 11.5% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | $245K | $287K | +17.1% |
| 3 Bedrooms | $514.8K | $597K | +16.0% |
| 4 Bedrooms | $747.5K | $750K | 0.3% |
| 5+ Bedrooms | $1.1M | $1.1M | -3.4% |
Summary: 48301 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 17.1%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 48301, MI
How many homes are available in 48301, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The 48301 real estate market had 48 homes for sale in October 2024, a 6.7% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 48301 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 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48301, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48301 in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for 48301, MI
How long does it take to sell a home in 48301, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +11.0% |
Summary: Homes in 48301 had an average of 21 days on market in Oct 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48301 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 48301; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
