$4,630 Closing Credit*
$389,900
1,832 SqFt
4 Beds
•2 Full Baths
#50160757, Carolyn M Plunkett, Listing Office: Century 21 AAA North-Macomb
Is 48428, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48428 has remained a Seller's Market.
Key Takeaway
48428 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48428, MI
How much do homes in 48428, MI cost?
Median Sold Price
$378,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,050(+14.6%)
Key Takeaway
Homes in 48428 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 48428 was $378,000 in October 2024, up 14.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $62K | $320K | +416.1% |
| 3 Bedrooms | $320.5K | $392K | +22.3% |
| 4 Bedrooms | $330K | $414K | +25.5% |
| 5+ Bedrooms | - | $405.5K | N/A |
Summary: 48428 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 416.1%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes did not change.
Housing Supply in 48428, MI
How many homes are available in 48428, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The 48428 real estate market had 21 homes for sale in October 2024, a 16.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48428 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 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 48428, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 48428 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48428, MI
How long does it take to sell a home in 48428, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 24 Days | +48.9% |
Summary: Homes in 48428 had an average of 24 days on market in Oct 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48428 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 48428; 60% of homes were sold within 30 days, 40% 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.