$7,243 Closing Credit*
$609,900
2,200 SqFt
2 Beds
•2 Full Baths, 1 Partial
#50161169, Michael Rickerman, Listing Office: Epique Inc.
Is 48401, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48401 has remained a Seller's Market.
Key Takeaway
48401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48401, MI
How much do homes in 48401, MI cost?
Median Sold Price
$451,250
$227/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$16,250(+3.7%)
Key Takeaway
Homes in 48401 have sold for 3.7% more than they did a month ago.
Summary: The median home sold price in 48401 was $451,250 in November 2024, up 3.7% from last month, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $182.5K | N/A |
| 3 Bedrooms | $435K | - | N/A |
| 4 Bedrooms | - | $720K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48401 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48401 | $435K | $451.2K | +3.7% |
| 48419 | $260K | $165K | -36.5% |
Housing Supply in 48401, MI
How many homes are available in 48401, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 48401 real estate market had 5 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48401 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 increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48401, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48401 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48401, MI
How long does it take to sell a home in 48401, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 83 Days | -27.4% |
Summary: Homes in 48401 had an average of 83 days on market in Nov 2024, down by 27.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48401 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 48401; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.