$1,781 Closing Credit*
$149,999
1,884 SqFt
4 Beds
•1 Full Bath, 1 Partial
Andrew Belson, Listing Office: Wentworth Real Estate Group
Is 48433, 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, 48433 has remained a Seller's Market.
Key Takeaway
48433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48433, MI
How much do homes in 48433, MI cost?
Median Sold Price
$225,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,550(+4.9%)
Key Takeaway
Homes in 48433 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 48433 was $225,500 in October 2024, up 4.9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $93K | N/A |
| 2 Bedrooms | $152.4K | $200K | +31.2% |
| 3 Bedrooms | $204.5K | $225K | +10.0% |
| 4 Bedrooms | $259.9K | $260.9K | 0.4% |
| 5+ Bedrooms | $384K | $343.7K | -10.5% |
Summary: 48433 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 31.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 48433, MI
How many homes are available in 48433, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 101 | +24.7% |
Summary: The 48433 real estate market had 101 homes for sale in October 2024, a 24.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 49 | 64 | +30.6% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 48433 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48433, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 48433 in October 2024, down by 8.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for 48433, MI
How long does it take to sell a home in 48433, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 36 Days | +73.5% |
Summary: Homes in 48433 had an average of 36 days on market in Oct 2024, up by 73.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48433 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 48433; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
