$4,333 Closing Credit*
$364,900
2,818 SqFt
3 Beds
•2 Full Baths
Hassan I Karadsheh, Listing Office: R2M Realty
Is 48310, 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, 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
$320,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.2%)
Key Takeaway
Homes in 48310 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 48310 was $320,000 in November 2024, up 3.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $210K | $227.2K | +8.2% |
| 3 Bedrooms | $295K | $310K | +5.1% |
| 4 Bedrooms | $340K | $357K | +5.0% |
| 5+ Bedrooms | $383K | $375K | -2.1% |
Summary: 48310 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 8.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 48310, MI
How many homes are available in 48310, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 79 | -9.2% |
Summary: The 48310 real estate market had 79 homes for sale in November 2024, a 9.2% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 47 | 49 | +4.3% |
| 4 Bedrooms | 26 | 17 | -34.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48310 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 remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48310, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 48310 in November 2024, down by 39.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +3.3% |
Summary: Homes in 48310 had an average of 17 days on market in Nov 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48310 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 48310; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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.