$5,166 Closing Credit*
$435,000
2,076 SqFt
3 Beds
•2 Full Baths, 1 Partial
Janice Smith, Listing Office: @properties Christies Intl R E Rochester
Is 48359, 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, 48359 has remained a Seller's Market.
Key Takeaway
48359 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48359, MI
How much do homes in 48359, MI cost?
Median Sold Price
$412,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,005(+2.5%)
Key Takeaway
Homes in 48359 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 48359 was $412,500 in November 2024, up 2.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $242.4K | $269.5K | +11.2% |
| 3 Bedrooms | $390.1K | $361.5K | -7.3% |
| 4 Bedrooms | $471.3K | $525K | +11.4% |
| 5+ Bedrooms | $493K | $685.5K | +39.0% |
Summary: 48359 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 11.2%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 39%.
Housing Supply in 48359, MI
How many homes are available in 48359, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Summary: The 48359 real estate market had 30 homes for sale in November 2024, a 14.3% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 48359 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48359, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 48359 in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for 48359, MI
How long does it take to sell a home in 48359, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 18 Days | -70.6% |
Summary: Homes in 48359 had an average of 18 days on market in Nov 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48359 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 48359; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
