$3,206 Closing Credit*
$269,999
2,838 SqFt
5 Beds
•3 Full Baths
Kris P Stratman, Listing Office: Century 21 Signature Realty
Is 48420, 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, 48420 has remained a Seller's Market.
Key Takeaway
48420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48420, MI
How much do homes in 48420, MI cost?
Median Sold Price
$208,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+4.5%)
Key Takeaway
Homes in 48420 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 48420 was $208,000 in November 2024, up 4.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $88K | +10.1% |
| 2 Bedrooms | $193K | $190K | -1.6% |
| 3 Bedrooms | $188.7K | $192K | +1.7% |
| 4 Bedrooms | $210K | $254.9K | +21.4% |
| 5+ Bedrooms | $236.9K | $415K | +75.2% |
Summary: 48420 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 75.2%.
Housing Supply in 48420, MI
How many homes are available in 48420, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 100 | -3.8% |
Summary: The 48420 real estate market had 100 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 54 | 50 | -7.4% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 48420 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48420, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 48420 in November 2024, down by 24.0% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.
Days on Market for 48420, MI
How long does it take to sell a home in 48420, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 45 Days | +224.5% |
Summary: Homes in 48420 had an average of 45 days on market in Nov 2024, up by 224.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48420 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 48420; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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