$1,781 Closing Credit*
$150,000
700 SqFt
1 Bed
•1 Bath
Shelly Lewis, Listing Office: Stapleton Realty - Interlochen
Is 48421, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 48421 was a Seller's Market.
Key Takeaway
48421 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48421, MI
How much do homes in 48421, MI cost?
Median Sold Price
$253,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$28,000(+12.4%)
Key Takeaway
Homes in 48421 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 48421 was $253,000 in December 2024, up 12.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $325K | +97.1% |
| 2 Bedrooms | $187K | $240K | +28.3% |
| 3 Bedrooms | $210.5K | $229K | +8.8% |
| 4 Bedrooms | $270K | $356K | +31.9% |
| 5+ Bedrooms | $255K | $160K | -37.3% |
Summary: 48421 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.1%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes decreased by 37.3%.
Housing Supply in 48421, MI
How many homes are available in 48421, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The 48421 real estate market had 24 homes for sale in December 2024, a 7.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48421 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
4 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 48421, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48421 in December 2024, down by 50.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48421, MI
How long does it take to sell a home in 48421, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 47 Days | 45 Days | -5.1% |
Summary: Homes in 48421 had an average of 45 days on market in Dec 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48421 has remained consistent over time.
Summary: During December 2024, 4 homes were sold in 48421; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.