$2,078 Closing Credit*
$175,000
1,248 SqFt
3 Beds
•2 Full Baths
Amanda Johnson Bashor, Listing Office: Hand Map Real Estate LLC
Is 48532, 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, 48532 was a Seller's Market.
Key Takeaway
48532 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48532, MI
How much do homes in 48532, MI cost?
Median Sold Price
$157,450
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,450(+1.6%)
Key Takeaway
Homes in 48532 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 48532 was $157,450 in October 2024, up 1.6% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $43K | - | N/A |
| 2 Bedrooms | $109K | $66K | -39.4% |
| 3 Bedrooms | $149.9K | $157.5K | +5.1% |
| 4 Bedrooms | $215K | $240K | +11.6% |
| 5+ Bedrooms | $290K | $340K | +17.2% |
Summary: 48532 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 39.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 17.2%.
Housing Supply in 48532, MI
How many homes are available in 48532, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 60 | +5.3% |
Summary: The 48532 real estate market had 60 homes for sale in October 2024, a 5.3% 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 | 17 | 16 | -5.9% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 48532 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 5.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48532, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 48532 in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 48532, MI
How long does it take to sell a home in 48532, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 29 Days | +68.1% |
Summary: Homes in 48532 had an average of 29 days on market in Oct 2024, up by 68.1% 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 48532 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 48532; 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.
