$7,361 Closing Credit*
$619,900
2,246 SqFt
4 Beds
•2 Full Baths, 1 Partial
Robert Haber, Listing Office: KW Domain
Is 48304, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48304 has remained a Seller's Market.
Key Takeaway
48304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48304, MI
How much do homes in 48304, MI cost?
Median Sold Price
$526,750
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,916(+9.1%)
Key Takeaway
Homes in 48304 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 48304 was $526,750 in November 2024, up 9.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $138.2K | +19.2% |
| 2 Bedrooms | $242K | $260K | +7.4% |
| 3 Bedrooms | $437.5K | $452.5K | +3.4% |
| 4 Bedrooms | $606K | $681K | +12.4% |
| 5+ Bedrooms | $1.1M | $1.1M | +1.1% |
Summary: 48304 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 48304, MI
How many homes are available in 48304, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 89 | 0.0% |
Summary: The 48304 real estate market had 89 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 31 | 35 | +12.9% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 48304 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
9 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 48304, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 48304 in November 2024, down by 29.2% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for 48304, MI
How long does it take to sell a home in 48304, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +17.3% |
Summary: Homes in 48304 had an average of 23 days on market in Nov 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48304 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 48304; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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.