$3,414 Closing Credit*
$287,500
1,986 SqFt
2 Beds
•1 Full Bath, 1 Partial
Alyssa N Heinze, Listing Office: Real Estate One-Rochester
Is 48309, 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, 48309 has remained a Seller's Market.
Key Takeaway
48309 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48309, MI
How much do homes in 48309, MI cost?
Median Sold Price
$434,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,950(+2.3%)
Key Takeaway
Homes in 48309 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 48309 was $434,950 in November 2024, up 2.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $228.4K | $230K | +0.7% |
| 3 Bedrooms | $360K | $370K | +2.8% |
| 4 Bedrooms | $495K | $540K | +9.1% |
| 5+ Bedrooms | $511K | $590K | +15.5% |
Summary: 48309 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 0.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 15.5%.
Housing Supply in 48309, MI
How many homes are available in 48309, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 102 | -14.3% |
Summary: The 48309 real estate market had 102 homes for sale in November 2024, a 14.3% 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 | 22 | 18 | -18.2% |
| 3 Bedrooms | 53 | 47 | -11.3% |
| 4 Bedrooms | 39 | 33 | -15.4% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 48309 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 18.2%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 29 | -25.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48309, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 48309 in November 2024, down by 25.6% month-over-month. Of the 29 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% were sold over asking.
Days on Market for 48309, MI
How long does it take to sell a home in 48309, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -5.1% |
Summary: Homes in 48309 had an average of 23 days on market in Nov 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48309 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 48309; 76% of homes were sold within 30 days, 21% 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.