$2,850 Closing Credit*
$240,000
1,912 SqFt
4 Beds
•1 Full Bath, 1 Partial
Ashley Haldy, Listing Office: Knockout Real Estate
Is 48417, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48417 has remained a Seller's Market.
Key Takeaway
48417 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48417, MI
How much do homes in 48417, MI cost?
Median Sold Price
$180,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,000(+4.7%)
Key Takeaway
Homes in 48417 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 48417 was $180,000 in November 2024, up 4.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $36.5K | N/A |
| 2 Bedrooms | $133.5K | $120K | -10.1% |
| 3 Bedrooms | $173.5K | $207.5K | +19.6% |
| 4 Bedrooms | $257K | $212.3K | -17.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48417 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes did not change.
Housing Supply in 48417, MI
How many homes are available in 48417, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 48417 real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48417 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 decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48417, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 48417 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 48417, MI
How long does it take to sell a home in 48417, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 3 Days | -93.8% |
Summary: Homes in 48417 had an average of 3 days on market in Nov 2024, down by 93.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48417 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 48417; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
