$3,266 Closing Credit*
$274,999
1,180 SqFt
3 Beds
•1 Full Bath
Eric Zielke, Listing Office: House Want Realty
Is 48314, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48314 has remained a Seller's Market.
Key Takeaway
48314 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48314, MI
How much do homes in 48314, MI cost?
Median Sold Price
$339,000
$176/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$9,500(-2.7%)
Key Takeaway
Homes in 48314 have sold for 2.7% less than they did a month ago.
Summary: The median home sold price in 48314 was $339,000 in November 2024, down 2.7% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $284.5K | $225K | -20.9% |
| 3 Bedrooms | $435K | $339K | -22.1% |
| 4 Bedrooms | $510K | $430K | -15.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48314 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes did not change.
Housing Supply in 48314, MI
How many homes are available in 48314, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 50 | -12.3% |
Summary: The 48314 real estate market had 50 homes for sale in November 2024, a 12.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 25 | 15 | -40.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48314 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 increased by 18.8%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 9 | -62.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48314, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 48314 in November 2024, down by 62.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for 48314, MI
How long does it take to sell a home in 48314, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 17 Days | -39.6% |
Summary: Homes in 48314 had an average of 17 days on market in Nov 2024, down by 39.6% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48314 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 48314; 78% of homes were sold within 30 days, 22% 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.