$269,900
10.61 Acres
Land
Daniel J Callan, Listing Office: RE/MAX Platinum-Hartland
Is 48353, 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, 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
$389,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.4%)
Key Takeaway
Homes in 48353 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 48353 was $389,000 in October 2024, up 5.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.5K | - | N/A |
| 2 Bedrooms | $272.5K | $272.5K | 0.0% |
| 3 Bedrooms | $362.5K | $380K | +4.8% |
| 4 Bedrooms | $475K | $451.9K | -4.9% |
| 5+ Bedrooms | $500K | $485K | -3.0% |
Summary: 48353 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 did not change, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 48353, MI
How many homes are available in 48353, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The 48353 real estate market had 14 homes for sale in October 2024, a 12.5% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48353 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48353, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 48353 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 30 Days | -42.7% |
Summary: Homes in 48353 had an average of 30 days on market in Oct 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48353 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 48353; 50% of homes were sold within 30 days, 50% 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.