$2,375 Closing Credit*
$200,000
1,772 SqFt
3 Beds
•2 Full Baths
Joe Cracchiolo, Listing Office: Keller Williams Paint Creek
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
Last month, 48450 was a Seller's Market.
Key Takeaway
48450 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48450, MI
How much do homes in 48450, MI cost?
Median Sold Price
$251,500
$214/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$13,800(+5.8%)
Key Takeaway
Homes in 48450 have sold for 5.8% more than they did a month ago.
Summary: The median home sold price in 48450 was $251,500 in November 2024, up 5.8% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | $243K | -38.5% |
| 3 Bedrooms | $159.5K | $242.5K | +52.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $240K | $1.2M | +437.5% |
Summary: 48450 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.5%, 3 bedroom homes increased by 52%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 437.5%.
Median Sold Price Compared To Nearby Zip Codes
| 48450 | $237.7K | $251.5K | +5.8% |
| 48401 | $435K | $451.2K | +3.7% |
Housing Supply in 48450, MI
How many homes are available in 48450, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 47 | -2.1% |
Summary: The 48450 real estate market had 47 homes for sale in November 2024, a 2.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The 48450 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 increased by 13.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48450, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48450 in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 80 Days | +19.8% |
Summary: Homes in 48450 had an average of 80 days on market in Nov 2024, up by 19.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48450 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 48450; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.