$2,974 Closing Credit*
$250,400
1,712 SqFt
3 Beds
•1 Full Bath
Scott E Tindall, Listing Office: Creative Investment Brokers In
Is 48463, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 48463 was a Buyer's Market.
Key Takeaway
48463 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48463, MI
How much do homes in 48463, MI cost?
Median Sold Price
$178,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$27,000(-13.2%)
Key Takeaway
Homes in 48463 have sold for 13.2% less than they did a year ago.
Summary: The median home sold price in 48463 was $178,000 in December 2024, down 13.2% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $103K | $146K | +41.7% |
| 3 Bedrooms | $182.8K | $178K | -2.6% |
| 4 Bedrooms | $220K | $351.7K | +59.9% |
| 5+ Bedrooms | - | $392.4K | N/A |
Summary: 48463 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 59.9%, and 5+ bedroom homes did not change.
Housing Supply in 48463, MI
How many homes are available in 48463, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 48463 real estate market had 14 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48463 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48463, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 48463 in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 48463, MI
How long does it take to sell a home in 48463, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 61 Days | 18 Days | -69.6% |
Summary: Homes in 48463 had an average of 18 days on market in Dec 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
2 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 48463 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 48463; 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.
