$8,786 Closing Credit*
$739,900
2,571 SqFt
3 Beds
•2 Full Baths
Jeff Hedberg, Listing Office: Help-U-Sell Real Estate Masters
Is 48450, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48450 has remained a Seller's Market.
Key Takeaway
48450 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48450, MI
How much do homes in 48450, MI cost?
Median Sold Price
$237,700
$130/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$40,450(+20.5%)
Key Takeaway
Homes in 48450 have sold for 20.5% more than they did a month ago.
Summary: The median home sold price in 48450 was $237,700 in October 2024, up 20.5% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | - | N/A |
| 2 Bedrooms | $195K | $395K | +102.6% |
| 3 Bedrooms | $256.5K | $159.5K | -37.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $240K | N/A |
Summary: 48450 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 102.6%, 3 bedroom homes decreased by 37.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 48450, MI
How many homes are available in 48450, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The 48450 real estate market had 45 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 21 | 16 | -23.8% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 48450 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 23.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
9 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 48450, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 48450 in October 2024, the same as the previous month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 48450, MI
How long does it take to sell a home in 48450, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 67 Days | +14.6% |
Summary: Homes in 48450 had an average of 67 days on market in Oct 2024, up by 14.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48450 has remained consistent over time.
Summary: During October 2024, 10 homes were sold in 48450; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% 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.