$3,444 Closing Credit*
$290,000
1,642 SqFt
3 Beds
•2 Full Baths
Olga Yakimenko, Listing Office: Berkshire Hathaway HomeServices Michigan Real Est
Is 48310, 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, 48310 has remained a Seller's Market.
Key Takeaway
48310 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48310, MI
How much do homes in 48310, MI cost?
Median Sold Price
$320,062
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,062(+4.9%)
Key Takeaway
Homes in 48310 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 48310 was $320,062 in October 2024, up 4.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $210K | $241K | +14.8% |
| 3 Bedrooms | $295K | $310K | +5.1% |
| 4 Bedrooms | $338K | $358.4K | +6.1% |
| 5+ Bedrooms | $363K | $399K | +9.9% |
Summary: 48310 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 14.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 48310, MI
How many homes are available in 48310, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 94 | +1.1% |
Summary: The 48310 real estate market had 94 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 59 | 52 | -11.9% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 48310 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 22 | -40.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48310, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 48310 in October 2024, down by 40.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for 48310, MI
How long does it take to sell a home in 48310, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -15.5% |
Summary: Homes in 48310 had an average of 22 days on market in Oct 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
18 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 48310 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 48310; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% 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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.