$2,375 Closing Credit*
$200,000
1,648 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jennifer Tremaine, Listing Office: Real Estate by Tremaine
Is 48519, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$187,250
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,750(-4.0%)
Key Takeaway
Homes in 48519 have sold for 4% less than they did a year ago.
Summary: The median home sold price in 48519 was $187,250 in October 2024, down 4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.1K | - | N/A |
| 2 Bedrooms | $129K | $116.9K | -9.3% |
| 3 Bedrooms | $195K | $183K | -6.2% |
| 4 Bedrooms | $239.9K | $244.9K | +2.1% |
| 5+ Bedrooms | - | $230K | N/A |
Summary: 48519 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 6.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The 48519 real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48519 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48519, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 48519 in October 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +17.0% |
Summary: Homes in 48519 had an average of 19 days on market in Oct 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48519 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 48519; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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.