$771 Closing Credit*
$64,900
1,250 SqFt
3 Beds
•1 Full Bath
#50162589, Penny Schwarzentraub, Listing Office: Town & Country Realty-Lexington
Is 48419, 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, 48419 was a Buyer's Market.
Key Takeaway
48419 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48419, MI
How much do homes in 48419, MI cost?
Median Sold Price
$165,000
$107/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$95,000(-36.5%)
Key Takeaway
Homes in 48419 have sold for 36.5% less than they did a month ago.
Summary: The median home sold price in 48419 was $165,000 in November 2024, down 36.5% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $152.5K | -41.3% |
| 4 Bedrooms | - | $172.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48419 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 41.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48469 | $157K | $429.7K | +173.7% |
| 48401 | $435K | $451.2K | +3.7% |
| 48419 | $260K | $165K | -36.5% |
Housing Supply in 48419, MI
How many homes are available in 48419, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 48419 real estate market had 12 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48419 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 | 3 | +200.0% |
Asking Price vs. Sold Price
3 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 48419, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 48419 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48419, MI
How long does it take to sell a home in 48419, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 82 Days | +64.7% |
Summary: Homes in 48419 had an average of 82 days on market in Nov 2024, up by 64.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48419 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 48419; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.