$5,106 Closing Credit*
$430,000
1,595 SqFt
3 Beds
•2 Full Baths
Mike Anderson, Listing Office: 3DX Real Estate LLC
Is 48438, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48438 was a Seller's Market.
Key Takeaway
48438 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48438, MI
How much do homes in 48438, MI cost?
Median Sold Price
$333,100
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,100(+2.5%)
Key Takeaway
Homes in 48438 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 48438 was $333,100 in October 2024, up 2.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $228K | $243K | +6.6% |
| 3 Bedrooms | $294.9K | $307.5K | +4.3% |
| 4 Bedrooms | $416.2K | $398K | -4.4% |
| 5+ Bedrooms | $438K | $435K | -0.7% |
Summary: 48438 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 6.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 48438, MI
How many homes are available in 48438, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The 48438 real estate market had 33 homes for sale in October 2024, a 3.1% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 48438 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 decreased by 66.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48438, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48438 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 48438, MI
How long does it take to sell a home in 48438, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 26 Days | +12.3% |
Summary: Homes in 48438 had an average of 26 days on market in Oct 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48438 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 48438; 75% of homes were sold within 30 days, 25% 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.