$4,501 Closing Credit*
$379,000
2,376 SqFt
4 Beds
•3 Full Baths
Kimberly J Schroeder, Listing Office: Wentworth Real Estate Group
Is 48412, 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, 48412 has remained a Seller's Market.
Key Takeaway
48412 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48412, MI
How much do homes in 48412, MI cost?
Median Sold Price
$358,000
$132/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$89,100(+33.1%)
Key Takeaway
Homes in 48412 have sold for 33.1% more than they did a month ago.
Summary: The median home sold price in 48412 was $358,000 in November 2024, up 33.1% from last month, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | - | $58K | N/A |
| 3 Bedrooms | $355K | $425K | +19.7% |
| 4 Bedrooms | $268.9K | $296K | +10.1% |
| 5+ Bedrooms | $569.5K | - | N/A |
Summary: 48412 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 increased by 19.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48428 | $372.5K | $502.5K | +34.9% |
| 48412 | $268.9K | $358K | +33.1% |
Housing Supply in 48412, MI
How many homes are available in 48412, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 48412 real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48412 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48412, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48412 in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 48412, MI
How long does it take to sell a home in 48412, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 25 Days | -52.5% |
Summary: Homes in 48412 had an average of 25 days on market in Nov 2024, down by 52.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48412 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 48412; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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.