$4,744 Closing Credit*
$399,500
2,058 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jesse Inman, Listing Office: Edge Realty, LLC
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.