$2,374 Closing Credit*
$199,900
2,066 SqFt
3 Beds
•1 Full Bath, 1 Partial
Bethany A Brokaw, Listing Office: The Brokaw Group
Is 48519, 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, 48519 has remained a Seller's Market.
Key Takeaway
48519 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48519, MI
How much do homes in 48519, MI cost?
Median Sold Price
$186,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50(0.0%)
Key Takeaway
The sold price of homes in 48519 has remained the same since last year.
Summary: The median home sold price in 48519 was $186,500 in November 2024, the same as last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.1K | $55K | +22.0% |
| 2 Bedrooms | $130K | $129.9K | -0.1% |
| 3 Bedrooms | $195K | $181K | -7.2% |
| 4 Bedrooms | $239.9K | $244.9K | +2.1% |
| 5+ Bedrooms | - | $230K | N/A |
Summary: 48519 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes did not change.
Housing Supply in 48519, MI
How many homes are available in 48519, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The 48519 real estate market had 30 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48519 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 33.3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48519, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 48519 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 48519, MI
How long does it take to sell a home in 48519, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 30 Days | +141.3% |
Summary: Homes in 48519 had an average of 30 days on market in Nov 2024, up by 141.3% compared to last year.
Breakdown of Home Sale Times
4 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 48519 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 48519; 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.
