$3,919 Closing Credit*
$330,000
1,314 SqFt
2 Beds
•2 Full Baths
Michelle R Lebeck, Listing Office: Pearl Real Estate
Is 48455, 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, 48455 was a Neutral 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
$385,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,500(+18.6%)
Key Takeaway
Homes in 48455 have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in 48455 was $385,000 in November 2024, up 18.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $206.5K | $239K | +15.7% |
| 3 Bedrooms | $319K | $352.4K | +10.5% |
| 4 Bedrooms | $399K | $417.4K | +4.6% |
| 5+ Bedrooms | $610K | $745K | +22.1% |
Summary: 48455 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 increased by 15.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 22.1%.
Housing Supply in 48455, MI
How many homes are available in 48455, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The 48455 real estate market had 30 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48455 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 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 48455, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 48455 in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 67 Days | +84.8% |
Summary: Homes in 48455 had an average of 67 days on market in Nov 2024, up by 84.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 8 homes were sold in 48455; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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.