$3,561 Closing Credit*
$299,900
1,638 SqFt
4 Beds
•2 Full Baths
Shera Christensen, Listing Office: Keller Williams Paint Creek
Is 48348, 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, 48348 has remained a Seller's Market.
Key Takeaway
48348 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48348, MI
How much do homes in 48348, MI cost?
Median Sold Price
$500,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.1%)
Key Takeaway
Homes in 48348 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 48348 was $500,000 in November 2024, up 3.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | $225K | $445K | +97.8% |
| 3 Bedrooms | $390.4K | $402K | +3.0% |
| 4 Bedrooms | $572K | $540K | -5.6% |
| 5+ Bedrooms | $601K | $736.9K | +22.6% |
Summary: 48348 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 97.8%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 22.6%.
Housing Supply in 48348, MI
How many homes are available in 48348, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 70 | -10.3% |
Summary: The 48348 real estate market had 70 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The 48348 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 18.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48348, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 48348 in November 2024, down by 18.2% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 48348, MI
How long does it take to sell a home in 48348, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 41 Days | +3.2% |
Summary: Homes in 48348 had an average of 41 days on market in Nov 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48348 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 48348; 50% of homes were sold within 30 days, 39% 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.