$2,196 Closing Credit*
$184,900
1,622 SqFt
4 Beds
•2 Full Baths
Jeremy Hoover, Listing Office: Keller Williams First
Is 48458, 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, 48458 has remained a Seller's Market.
Key Takeaway
48458 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48458, MI
How much do homes in 48458, MI cost?
Median Sold Price
$128,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,500(-1.2%)
Key Takeaway
Homes in 48458 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 48458 was $128,500 in November 2024, down 1.2% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $22.8K | $17.3K | -23.9% |
| 2 Bedrooms | $87K | $95K | +9.2% |
| 3 Bedrooms | $135K | $130K | -3.7% |
| 4 Bedrooms | $149.5K | $182.4K | +22.0% |
| 5+ Bedrooms | $154.5K | $310K | +100.6% |
Summary: 48458 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 100.6%.
Housing Supply in 48458, MI
How many homes are available in 48458, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 94 | +36.2% |
Summary: The 48458 real estate market had 94 homes for sale in November 2024, a 36.2% increase 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 | 17 | 22 | +29.4% |
| 3 Bedrooms | 39 | 53 | +35.9% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48458 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 29.4%, 3 bedroom homes increased by 35.9%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48458, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 48458 in November 2024, up by 23.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 48458, MI
How long does it take to sell a home in 48458, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 63 Days | +88.1% |
Summary: Homes in 48458 had an average of 63 days on market in Nov 2024, up by 88.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48458 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 48458; 56% of homes were sold within 30 days, 19% 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.