$2,801 Closing Credit*
$235,900
996 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50160614, Dennis Quinn, Listing Office: Premier Properties Inc
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 Neutral Market.
Key Takeaway
48419 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48419, MI
How much do homes in 48419, MI cost?
Median Sold Price
$260,000
$236/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$27,500(-9.6%)
Key Takeaway
Homes in 48419 have sold for 9.6% less than they did a month ago.
Summary: The median home sold price in 48419 was $260,000 in October 2024, down 9.6% from last month, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $150K | $260K | +73.3% |
| 4 Bedrooms | $425K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48419 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 73.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48427 | $225K | $279.9K | +24.4% |
| 48469 | $143.5K | $157K | +9.4% |
| 48419 | $287.5K | $260K | -9.6% |
| 48471 | $165K | $113.7K | -31.1% |
Housing Supply in 48419, MI
How many homes are available in 48419, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 48419 real estate market had 13 homes for sale in October 2024, a 8.3% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48419 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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 1 homes were sold or pending in 48419 in October 2024, down by 50.0% month-over-month. Of the 1 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 50 Days | +69.5% |
Summary: Homes in 48419 had an average of 50 days on market in Oct 2024, up by 69.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48419 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 48419; 0% of homes were sold within 30 days, 100% 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.