$831 Closing Credit*
$70,000
1,353 SqFt
3 Beds
•2 Full Baths
Mark Whitehead, Listing Office: EXP Realty - Mark White & Associates
Is 48326, 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, 48326 has remained a Seller's Market.
Key Takeaway
48326 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48326, MI
How much do homes in 48326, MI cost?
Median Sold Price
$277,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1(0%)
Key Takeaway
The sold price of homes in 48326 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.2K | $95.7K | +3.8% |
| 2 Bedrooms | $259.9K | $245K | -5.7% |
| 3 Bedrooms | $270K | $283.5K | +5.0% |
| 4 Bedrooms | $377.5K | $369.9K | -2.0% |
| 5+ Bedrooms | $335K | $1.9M | +491.0% |
Summary: 48326 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 491%.
Housing Supply in 48326, MI
How many homes are available in 48326, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 63 | -16.0% |
Summary: The 48326 real estate market had 63 homes for sale in November 2024, a 16.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 17 | -29.2% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48326 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 decreased by 29.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48326, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 48326 in November 2024, down by 18.2% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 48326, MI
How long does it take to sell a home in 48326, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 24 Days | -29.4% |
Summary: Homes in 48326 had an average of 24 days on market in Nov 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48326 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 48326; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.