$950 Closing Credit*
$80,000
1,656 SqFt
3 Beds
•1 Full Bath
Mark Hart, Listing Office: Hart Realty
Is 48453, 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, 48453 was a Seller's Market.
Key Takeaway
48453 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48453, MI
How much do homes in 48453, MI cost?
Median Sold Price
$155,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,500(-4.6%)
Key Takeaway
Homes in 48453 have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in 48453 was $155,000 in October 2024, down 4.6% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $131K | $69.9K | -46.6% |
| 3 Bedrooms | $168.5K | $155K | -8.0% |
| 4 Bedrooms | $160K | $165K | +3.1% |
| 5+ Bedrooms | $211.4K | $155K | -26.7% |
Summary: 48453 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 46.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 26.7%.
Housing Supply in 48453, MI
How many homes are available in 48453, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The 48453 real estate market had 15 homes for sale in October 2024, a 15.4% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48453 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 increased by 50%, 3 bedroom homes increased by 16.7%, 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
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48453, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48453 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48453, MI
How long does it take to sell a home in 48453, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +92.3% |
Summary: Homes in 48453 had an average of 12 days on market in Oct 2024, up by 92.3% 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 48453 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 48453; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.