$2,969 Closing Credit*
$250,000
1,467 SqFt
3 Beds
•2 Full Baths
David Gittens Jr, Listing Office: Brookstone, Realtors LLC
Is 48341, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48341 was a Seller's Market.
Key Takeaway
48341 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48341, MI
How much do homes in 48341, MI cost?
Median Sold Price
$149,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,100(-16.7%)
Key Takeaway
Homes in 48341 have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in 48341 was $149,900 in October 2024, down 16.7% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $136.6K | $110K | -19.5% |
| 3 Bedrooms | $149K | $150K | +0.7% |
| 4 Bedrooms | $230.9K | $192.5K | -16.7% |
| 5+ Bedrooms | $249.7K | $234.5K | -6.1% |
Summary: 48341 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 decreased by 19.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 48341, MI
How many homes are available in 48341, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 55 | +14.6% |
Summary: The 48341 real estate market had 55 homes for sale in October 2024, a 14.6% increase 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 48341 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 increased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48341, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 48341 in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for 48341, MI
How long does it take to sell a home in 48341, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 48 Days | +228.2% |
Summary: Homes in 48341 had an average of 48 days on market in Oct 2024, up by 228.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48341 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 48341; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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.