$4,036 Closing Credit*
$339,900
1,656 SqFt
3 Beds
•2 Full Baths
Fanar Ayar, Listing Office: KW Domain
Is 48390, 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, 48390 has remained a Seller's Market.
Key Takeaway
48390 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48390, MI
How much do homes in 48390, MI cost?
Median Sold Price
$300,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.4%)
Key Takeaway
Homes in 48390 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 48390 was $300,000 in October 2024, up 3.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $265K | +60.6% |
| 2 Bedrooms | $244K | $260K | +6.6% |
| 3 Bedrooms | $315K | $342.5K | +8.7% |
| 4 Bedrooms | $438K | $370K | -15.5% |
| 5+ Bedrooms | $700K | $770K | +10.0% |
Summary: 48390 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 10%.
Housing Supply in 48390, MI
How many homes are available in 48390, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 101 | -2.9% |
Summary: The 48390 real estate market had 101 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 38 | 38 | 0.0% |
| 3 Bedrooms | 46 | 46 | 0.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48390 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48390, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 48390 in October 2024, down by 24.2% month-over-month. Of the 25 sold homes, 48% were sold under asking, 12% were sold at asking, and 40% were sold over asking.
Days on Market for 48390, MI
How long does it take to sell a home in 48390, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +5.3% |
Summary: Homes in 48390 had an average of 21 days on market in Oct 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48390 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 48390; 68% of homes were sold within 30 days, 32% 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.