$5,047 Closing Credit*
$425,000
2,129 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jamie Scheett, Listing Office: Keller Williams Premier
Is 48324, 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, 48324 has remained a Seller's Market.
Key Takeaway
48324 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48324, MI
How much do homes in 48324, MI cost?
Median Sold Price
$422,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-0.6%)
Key Takeaway
Homes in 48324 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 48324 was $422,500 in November 2024, down 0.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $292K | +349.2% |
| 2 Bedrooms | $263K | $225K | -14.4% |
| 3 Bedrooms | $321K | $365.2K | +13.8% |
| 4 Bedrooms | $460K | $500K | +8.7% |
| 5+ Bedrooms | $905K | $1.8M | +105.2% |
Summary: 48324 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 349.2%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 105.2%.
Housing Supply in 48324, MI
How many homes are available in 48324, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 58 | -10.8% |
Summary: The 48324 real estate market had 58 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 48324 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48324, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48324 in November 2024, down by 43.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 48324, MI
How long does it take to sell a home in 48324, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 24 Days | -61.7% |
Summary: Homes in 48324 had an average of 24 days on market in Nov 2024, down by 61.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48324 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 48324; 62% of homes were sold within 30 days, 38% 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.