$1,870 Closing Credit*
$157,500
1,620 SqFt
3 Beds
•1 Full Bath, 1 Partial
TJ Beckman, Listing Office: RE/MAX New Image
Is 48413, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 48413 was a Buyer's Market.
Key Takeaway
48413 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48413, MI
How much do homes in 48413, MI cost?
Median Sold Price
$139,000
$64/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$91,000(-39.6%)
Key Takeaway
Homes in 48413 have sold for 39.6% less than they did a month ago.
Summary: The median home sold price in 48413 was $139,000 in November 2024, down 39.6% from last month, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $230K | $128.5K | -44.1% |
| 4 Bedrooms | - | $149.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48413 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 decreased by 44.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48754 | $48K | $130K | +170.8% |
| 48413 | $230K | $139K | -39.6% |
Housing Supply in 48413, MI
How many homes are available in 48413, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 48413 real estate market had 9 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48413 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 remained the same, 3 bedroom homes remained the same, 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
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48413, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48413 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 48413, MI
How long does it take to sell a home in 48413, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 94 Days | +215.0% |
Summary: Homes in 48413 had an average of 94 days on market in Nov 2024, up by 215% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48413 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 48413; 0% of homes were sold within 30 days, 50% 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.