$3,266 Closing Credit*
$275,000
2,215 SqFt
3 Beds
•2 Full Baths, 1 Partial
Robert J Chubb, Tiffany Dluzynski, Listing Office: Keller Williams Advantage
Is 48336, 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, 48336 has remained a Seller's Market.
Key Takeaway
48336 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48336, MI
How much do homes in 48336, MI cost?
Median Sold Price
$274,633
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,633(+9.9%)
Key Takeaway
Homes in 48336 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 48336 was $274,633 in November 2024, up 9.9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $92.7K | -2.3% |
| 2 Bedrooms | $161.4K | $183K | +13.3% |
| 3 Bedrooms | $273.5K | $285K | +4.2% |
| 4 Bedrooms | $320K | $360K | +12.5% |
| 5+ Bedrooms | $300K | $475K | +58.3% |
Summary: 48336 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 58.3%.
Housing Supply in 48336, MI
How many homes are available in 48336, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 92 | +5.7% |
Summary: The 48336 real estate market had 92 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48336 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48336, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 48336 in November 2024, up by 33.3% month-over-month. Of the 28 sold homes, 36% were sold under asking, 18% were sold at asking, and 46% were sold over asking.
Days on Market for 48336, MI
How long does it take to sell a home in 48336, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 12 Days | -50.5% |
Summary: Homes in 48336 had an average of 12 days on market in Nov 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48336 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 48336; 89% of homes were sold within 30 days, 11% 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.