$2,493 Closing Credit*
$209,900
2,750 SqFt
4 Beds
•2 Full Baths, 1 Partial
Charles J Braniff, Listing Office: McGuirk Realty Inc.
Is 48457, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48457 has remained a Seller's Market.
Key Takeaway
48457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48457, MI
How much do homes in 48457, MI cost?
Median Sold Price
$170,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,999(-8.1%)
Key Takeaway
Homes in 48457 have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in 48457 was $170,000 in November 2024, down 8.1% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $110K | $136.5K | +24.1% |
| 3 Bedrooms | $172K | $170K | -1.2% |
| 4 Bedrooms | $245K | $235K | -4.1% |
| 5+ Bedrooms | $118.3K | $247.5K | +109.1% |
Summary: 48457 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 24.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 109.1%.
Housing Supply in 48457, MI
How many homes are available in 48457, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The 48457 real estate market had 21 homes for sale in November 2024, a 4.5% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48457 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 100%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48457, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48457 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 48457, MI
How long does it take to sell a home in 48457, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 31 Days | +535.0% |
Summary: Homes in 48457 had an average of 31 days on market in Nov 2024, up by 535% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48457 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 48457; 75% of homes were sold within 30 days, 25% 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.