$4,156 Closing Credit*
$350,000
1,975 SqFt
4 Beds
•2 Full Baths
Alicia Cloutier, Listing Office: EXP Realty Rochester
Is 48455, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48455 has remained a Seller's Market.
Key Takeaway
48455 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48455, MI
How much do homes in 48455, MI cost?
Median Sold Price
$382,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+12.5%)
Key Takeaway
Homes in 48455 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 48455 was $382,500 in October 2024, up 12.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $198K | $204.2K | +3.2% |
| 3 Bedrooms | $322.6K | $347.4K | +7.7% |
| 4 Bedrooms | $412K | $500K | +21.4% |
| 5+ Bedrooms | $590K | $750K | +27.1% |
Summary: 48455 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 3.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 27.1%.
Housing Supply in 48455, MI
How many homes are available in 48455, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The 48455 real estate market had 30 homes for sale in October 2024, a 25.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 48455 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48455, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 48455 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 48455, MI
How long does it take to sell a home in 48455, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 23 Days | -37.7% |
Summary: Homes in 48455 had an average of 23 days on market in Oct 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48455 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 48455; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
