$1,614 Closing Credit*
$135,900
1,028 SqFt
3 Beds
•1 Full Bath
#50161082, Hollie Miller, Listing Office: Century 21 AAA North-Macomb
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
$366,950
$193/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$91,950(+33.4%)
Key Takeaway
Homes in 48412 have sold for 33.4% more than they did a month ago.
Summary: The median home sold price in 48412 was $366,950 in October 2024, up 33.4% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $345K | $355K | +2.9% |
| 4 Bedrooms | - | $268.9K | N/A |
| 5+ Bedrooms | $230K | $569.5K | +147.6% |
Summary: 48412 housing prices by bedroom type for October 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 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 147.6%.
Housing Supply in 48412, MI
How many homes are available in 48412, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The 48412 real estate market had 17 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48412 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 increased by 100%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
4 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 48412, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48412 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +31.6% |
Summary: Homes in 48412 had an average of 45 days on market in Oct 2024, up by 31.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48412 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 48412; 25% of homes were sold within 30 days, 75% 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.