$3,147 Closing Credit*
$265,000
1,600 SqFt
3 Beds
•1 Full Bath
Brandon K Rowley, Listing Office: Realty Executives Main St LLC
Is 48421, 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, 48421 has remained a Seller's Market.
Key Takeaway
48421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48421, MI
How much do homes in 48421, MI cost?
Median Sold Price
$260,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+15.6%)
Key Takeaway
Homes in 48421 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 48421 was $260,000 in November 2024, up 15.6% 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 | $164.9K | $325K | +97.1% |
| 2 Bedrooms | $179.5K | $257.5K | +43.5% |
| 3 Bedrooms | $216K | $231.9K | +7.4% |
| 4 Bedrooms | $270K | $356K | +31.9% |
| 5+ Bedrooms | $255K | $160K | -37.3% |
Summary: 48421 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.1%, 2 bedroom homes increased by 43.5%, 3 bedroom homes increased by 7.4%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The 48421 real estate market had 29 homes for sale in November 2024, a 3.6% increase 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 48421 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 16.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 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 48421, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 48421 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -17.8% |
Summary: Homes in 48421 had an average of 26 days on market in Nov 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48421 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 48421; 63% of homes were sold within 30 days, 38% 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.