$1,900 Closing Credit*
$160,000
1,017 SqFt
3 Beds
•1 Full Bath
Kristin M Pavliscak, Listing Office: Liberty Way Realty
Is 48342, 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, 48342 has remained a Seller's Market.
Key Takeaway
48342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48342, MI
How much do homes in 48342, MI cost?
Median Sold Price
$130,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+29.4%)
Key Takeaway
Homes in 48342 have sold for 29.4% more than they did a year ago.
Summary: The median home sold price in 48342 was $130,000 in October 2024, up 29.4% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $106K | +51.4% |
| 3 Bedrooms | $112K | $140K | +25.0% |
| 4 Bedrooms | $130K | $152K | +16.9% |
| 5+ Bedrooms | $135K | $132.5K | -1.9% |
Summary: 48342 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 increased by 51.4%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 48342, MI
How many homes are available in 48342, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The 48342 real estate market had 44 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48342 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 decreased by 12.5%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
6 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 48342, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 48342 in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48342, MI
How long does it take to sell a home in 48342, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -8.2% |
Summary: Homes in 48342 had an average of 33 days on market in Oct 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48342 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 48342; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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.