$5,046 Closing Credit*
$424,900
3,054 SqFt
4 Beds
•3 Full Baths
Nicholas Tong, Listing Office: KW Realty Livingston
Is 48436, 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, 48436 has remained a Seller's Market.
Key Takeaway
48436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48436, MI
How much do homes in 48436, MI cost?
Median Sold Price
$255,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,550(+4.3%)
Key Takeaway
Homes in 48436 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 48436 was $255,000 in October 2024, up 4.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170.4K | $125K | -26.7% |
| 3 Bedrooms | $259K | $256K | -1.2% |
| 4 Bedrooms | $184.9K | $262K | +41.7% |
| 5+ Bedrooms | - | $575K | N/A |
Summary: 48436 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 decreased by 26.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes did not change.
Housing Supply in 48436, MI
How many homes are available in 48436, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The 48436 real estate market had 7 homes for sale in October 2024, a 22.2% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48436 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 decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48436, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 48436 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48436, MI
How long does it take to sell a home in 48436, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 6 Days | -71.7% |
Summary: Homes in 48436 had an average of 6 days on market in Oct 2024, down by 71.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48436 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 48436; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
