$5,094 Closing Credit*
$429,000
1,848 SqFt
2 Beds
•3 Full Baths
Diana Klein, Listing Office: G David Real Estate LLC
Is 48323, 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, 48323 has remained a Seller's Market.
Key Takeaway
48323 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48323, MI
How much do homes in 48323, MI cost?
Median Sold Price
$465,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,000(-1.5%)
Key Takeaway
Homes in 48323 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 48323 was $465,000 in October 2024, down 1.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $258K | $278.5K | +7.9% |
| 3 Bedrooms | $342.5K | $377.5K | +10.2% |
| 4 Bedrooms | $533.7K | $543.5K | +1.8% |
| 5+ Bedrooms | $648.5K | $1.1M | +72.7% |
Summary: 48323 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 7.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 72.7%.
Housing Supply in 48323, MI
How many homes are available in 48323, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 63 | -4.5% |
Summary: The 48323 real estate market had 63 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 48323 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48323, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 48323 in October 2024, down by 30.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 48323, MI
How long does it take to sell a home in 48323, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 36 Days | +18.6% |
Summary: Homes in 48323 had an average of 36 days on market in Oct 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48323 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 48323; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% 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. 
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