$4,394 Closing Credit*
$369,999
1,681 SqFt
3 Beds
•2 Full Baths, 1 Partial
Daniel Parr, Listing Office: EXP Realty Metamora
Housing Prices in 48416, MI
How much do homes in 48416, MI cost?
Median List Price
$216,950
$131/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
-$72,950(-25.2%)
Key Takeaway
The list price of homes in 48416 has decreased by 25.2% since last year.
Summary: The median home list price in 48416 was $216,950 in October 2024, down 25.2% from the previous year, and the median price per square foot was $131.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $159.9K | N/A |
| 3 Bedrooms | $314K | $214.9K | -31.6% |
| 4 Bedrooms | $225K | $225K | 0.0% |
| 5+ Bedrooms | $289.9K | $329.9K | +13.8% |
Summary: 48416 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 48416, MI
How many homes are available in 48416, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The 48416 real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 48416 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 200%.
Days on Market for 48416, MI
How long does it take to sell a home in 48416, MI?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 162 Days | 45 Days | -72.2% |
Summary: Homes in 48416 had an average listing age of 45 days in Oct 2024, down by 72.2% compared to the previous year.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.