$10,000 Closing Credit*
$1,396,000
6,381 SqFt
4 Beds
•6 Full Baths, 1 Partial
Joseph Battaglia, Listing Office: K. W. Peterson & Associates
Is 48363, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48363 was a Buyer's Market.
Key Takeaway
48363 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48363, MI
How much do homes in 48363, MI cost?
Median Sold Price
$665,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$79,500(-10.7%)
Key Takeaway
Homes in 48363 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 48363 was $665,000 in October 2024, down 10.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $302.5K | +44.0% |
| 3 Bedrooms | $378.6K | $499.9K | +32.0% |
| 4 Bedrooms | $807.5K | $670K | -17.0% |
| 5+ Bedrooms | $1.1M | $885K | -19.5% |
Summary: 48363 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 increased by 44%, 3 bedroom homes increased by 32%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes decreased by 19.5%.
Housing Supply in 48363, MI
How many homes are available in 48363, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The 48363 real estate market had 30 homes for sale in October 2024, a 3.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 48363 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 increased by 16.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48363, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 48363 in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 48363, MI
How long does it take to sell a home in 48363, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 367 Days | 20 Days | -94.4% |
Summary: Homes in 48363 had an average of 20 days on market in Oct 2024, down by 94.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48363 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 48363; 83% of homes were sold within 30 days, 17% 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.