$9,380 Closing Credit*
$789,900
3,200 SqFt
4 Beds
•3 Full Baths, 1 Partial
Stephen Oaks, Listing Office: RE/MAX Classic
Is 48357, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 48357 was a Seller's Market.
Key Takeaway
48357 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48357, MI
How much do homes in 48357, MI cost?
Median Sold Price
$449,000
$215/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$65,000(-12.6%)
Key Takeaway
Homes in 48357 have sold for 12.6% less than they did a month ago.
Summary: The median home sold price in 48357 was $449,000 in October 2024, down 12.6% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $205K | N/A |
| 3 Bedrooms | $299K | $449K | +50.2% |
| 4 Bedrooms | $796.5K | $525K | -34.1% |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: 48357 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 50.2%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes did not change.
Housing Supply in 48357, MI
How many homes are available in 48357, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The 48357 real estate market had 33 homes for sale in October 2024, a 6.5% 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48357 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 150%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48357, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 48357 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 48357, MI
How long does it take to sell a home in 48357, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 39 Days | +428.9% |
Summary: Homes in 48357 had an average of 39 days on market in Oct 2024, up by 428.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48357 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 48357; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.