$5,521 Closing Credit*
$464,900
1,750 SqFt
3 Beds
•2 Full Baths, 1 Partial
Gjon Shkreli, Listing Office: Epique Realty
Is 48428, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 48428 was a Seller's Market.
Key Takeaway
48428 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48428, MI
How much do homes in 48428, MI cost?
Median Sold Price
$502,500
$186/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$130,000(+34.9%)
Key Takeaway
Homes in 48428 have sold for 34.9% more than they did a month ago.
Summary: The median home sold price in 48428 was $502,500 in November 2024, up 34.9% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $386.2K | $465K | +20.4% |
| 4 Bedrooms | - | $540K | N/A |
| 5+ Bedrooms | $249K | - | N/A |
Summary: 48428 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.4%, 4 bedroom homes did not change, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The 48428 real estate market had 18 homes for sale in November 2024, a 14.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48428 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48428, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48428 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 41 Days | +150.0% |
Summary: Homes in 48428 had an average of 41 days on market in Nov 2024, up by 150% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 2 homes were sold in 48428; 50% of homes were sold within 30 days, 50% 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.