$4,720 Closing Credit*
$397,500
3,520 SqFt
4 Beds
•3 Full Baths
Veronica J Dickerson, Listing Office: REMAX Town & Country
Is 48433, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48433 was a Seller's Market.
Key Takeaway
48433 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48433, MI
How much do homes in 48433, MI cost?
Median Sold Price
$228,133
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,133(+6.1%)
Key Takeaway
Homes in 48433 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 48433 was $228,133 in November 2024, up 6.1% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $93K | N/A |
| 2 Bedrooms | $155K | $199.9K | +29.0% |
| 3 Bedrooms | $205K | $229.9K | +12.1% |
| 4 Bedrooms | $267K | $256.4K | -4.0% |
| 5+ Bedrooms | $370K | $343.7K | -7.1% |
Summary: 48433 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 48433, MI
How many homes are available in 48433, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 103 | 0.0% |
Summary: The 48433 real estate market had 103 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 61 | 63 | +3.3% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 48433 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 7.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 11 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48433, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 48433 in November 2024, down by 50.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -33.0% |
Summary: Homes in 48433 had an average of 15 days on market in Nov 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
9 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 48433 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 48433; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
