$3,324 Closing Credit*
$279,900
1,248 SqFt
3 Beds
•1 Full Bath
#50162953, Michelle Schroeder, Listing Office: Realty Executives Home Towne
Is 48444, 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, 48444 was a Seller's Market.
Key Takeaway
48444 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48444, MI
How much do homes in 48444, MI cost?
Median Sold Price
$267,450
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+2.7%)
Key Takeaway
Homes in 48444 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 48444 was $267,450 in November 2024, up 2.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $241K | $175K | -27.4% |
| 3 Bedrooms | $255K | $299.9K | +17.6% |
| 4 Bedrooms | $320K | $300K | -6.3% |
| 5+ Bedrooms | $249.5K | $395K | +58.3% |
Summary: 48444 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 decreased by 27.4%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 58.3%.
Median Sold Price Compared To Nearby Zip Codes
| 48444 | $260.4K | $267.4K | +2.7% |
| 48003 | $343K | $348.4K | +1.6% |
Housing Supply in 48444, MI
How many homes are available in 48444, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The 48444 real estate market had 40 homes for sale in November 2024, a 8.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48444 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 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 48444, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48444 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 48444, MI
How long does it take to sell a home in 48444, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 14 Days | -49.2% |
Summary: Homes in 48444 had an average of 14 days on market in Nov 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
5 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 48444 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 48444; 83% of homes were sold within 30 days, 17% 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.