$1,305 Closing Credit*
$109,900
904 SqFt
2 Beds
•1 Full Bath
Chen Young, Listing Office: Community Choice Realty
Is 48327, 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, 48327 has remained a Seller's Market.
Key Takeaway
48327 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48327, MI
How much do homes in 48327, MI cost?
Median Sold Price
$265,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.0%)
Key Takeaway
Homes in 48327 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 48327 was $265,000 in October 2024, up 6% 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 | $85K | $100K | +17.6% |
| 2 Bedrooms | $185K | $185K | 0.0% |
| 3 Bedrooms | $270K | $279.9K | +3.7% |
| 4 Bedrooms | $352.5K | $345K | -2.1% |
| 5+ Bedrooms | $338.2K | $780K | +130.6% |
Summary: 48327 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 130.6%.
Housing Supply in 48327, MI
How many homes are available in 48327, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 78 | +23.8% |
Summary: The 48327 real estate market had 78 homes for sale in October 2024, a 23.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48327 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48327, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 48327 in October 2024, up by 46.2% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for 48327, MI
How long does it take to sell a home in 48327, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +24.0% |
Summary: Homes in 48327 had an average of 19 days on market in Oct 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
16 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 48327 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 48327; 84% of homes were sold within 30 days, 11% 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.