$3,325 Closing Credit*
$280,000
1,452 SqFt
2 Beds
•1 Full Bath, 1 Partial
Emer Kenny, Tiffany Bruno, Listing Office: Keller Williams Paint Creek
Is 48306, 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, 48306 has remained a Seller's Market.
Key Takeaway
48306 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48306, MI
How much do homes in 48306, MI cost?
Median Sold Price
$572,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,800(+6.1%)
Key Takeaway
Homes in 48306 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 48306 was $572,000 in November 2024, up 6.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $275K | $286.2K | +4.1% |
| 3 Bedrooms | $472.5K | $459.9K | -2.7% |
| 4 Bedrooms | $619K | $640K | +3.4% |
| 5+ Bedrooms | $815K | $833K | +2.2% |
Summary: 48306 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 4.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 48306, MI
How many homes are available in 48306, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 90 | -11.8% |
Summary: The 48306 real estate market had 90 homes for sale in November 2024, a 11.8% 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 | 14 | 9 | -35.7% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 39 | 35 | -10.3% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The 48306 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 35.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48306, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 48306 in November 2024, down by 17.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 21% were sold at asking, and 24% were sold over asking.
Days on Market for 48306, MI
How long does it take to sell a home in 48306, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 27 Days | -2.6% |
Summary: Homes in 48306 had an average of 27 days on market in Nov 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48306 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 48306; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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.