$9,024 Closing Credit*
$759,900
2,727 SqFt
4 Beds
•4 Full Baths, 1 Partial
Valbona Vulaj, Listing Office: Signature Sothebys International Realty Bham
Is 48353, 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, 48353 has remained a Seller's Market.
Key Takeaway
48353 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48353, MI
How much do homes in 48353, MI cost?
Median Sold Price
$390,750
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,250(+7.8%)
Key Takeaway
Homes in 48353 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 48353 was $390,750 in November 2024, up 7.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.5K | - | N/A |
| 2 Bedrooms | $270K | $277K | +2.6% |
| 3 Bedrooms | $365.7K | $377.5K | +3.2% |
| 4 Bedrooms | $469.7K | $451.9K | -3.8% |
| 5+ Bedrooms | $503.5K | $507.5K | +0.8% |
Summary: 48353 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 2.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 48353, MI
How many homes are available in 48353, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 48353 real estate market had 14 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48353 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48353, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48353 in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48353, MI
How long does it take to sell a home in 48353, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 36 Days | +504.2% |
Summary: Homes in 48353 had an average of 36 days on market in Nov 2024, up by 504.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48353 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 48353; 25% of homes were sold within 30 days, 75% 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.