$2,672 Closing Credit*
$225,000
1,392 SqFt
3 Beds
•2 Full Baths
Patricia Clendenan, Listing Office: Realty Executives Main St LLC
Is 48464, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48464 was a Neutral Market.
Key Takeaway
48464 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48464, MI
How much do homes in 48464, MI cost?
Median Sold Price
$300,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$89,500(+42.5%)
Key Takeaway
Homes in 48464 have sold for 42.5% more than they did a year ago.
Summary: The median home sold price in 48464 was $300,000 in October 2024, up 42.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $97K | +4.3% |
| 2 Bedrooms | $293.5K | $365K | +24.4% |
| 3 Bedrooms | $162K | $271.7K | +67.7% |
| 4 Bedrooms | $235.5K | $335K | +42.3% |
| 5+ Bedrooms | - | $332.5K | N/A |
Summary: 48464 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 67.7%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48464 | $210.5K | $300K | +42.5% |
| 48421 | $228.5K | $260.5K | +14.0% |
| 48435 | $220K | $250K | +13.6% |
| 48746 | $184.9K | $190K | +2.8% |
| 48463 | $200K | $177.5K | -11.3% |
Housing Supply in 48464, MI
How many homes are available in 48464, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The 48464 real estate market had 14 homes for sale in October 2024, a 7.7% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48464 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 decreased by 16.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 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 48464, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 48464 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 48464, MI
How long does it take to sell a home in 48464, MI?
Breakdown of Home Sale Times
3 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 48464 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 48464; 60% of homes were sold within 30 days, 40% 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.