$2,018 Closing Credit*
$169,900
768 SqFt
2 Beds
•1 Full Bath
#50160250, Marc Reno, Listing Office: Real Estate One Port Huron
Is 48422, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48422 was a Buyer's Market.
Key Takeaway
48422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48422, MI
How much do homes in 48422, MI cost?
Median Sold Price
$150,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+3.4%)
Key Takeaway
Homes in 48422 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 48422 was $150,000 in October 2024, up 3.4% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55.5K | $115K | +107.2% |
| 3 Bedrooms | $145K | $175K | +20.7% |
| 4 Bedrooms | $170.9K | $182.4K | +6.8% |
| 5+ Bedrooms | $189.9K | - | N/A |
Summary: 48422 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 107.2%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.
Housing Supply in 48422, MI
How many homes are available in 48422, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The 48422 real estate market had 31 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48422 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 decreased by 22.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48422, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 48422 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for 48422, MI
How long does it take to sell a home in 48422, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 92 Days | +163.6% |
Summary: Homes in 48422 had an average of 92 days on market in Oct 2024, up by 163.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 48422 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in 48422; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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. 
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