$7,303 Closing Credit*
$615,000
4,563 SqFt
5 Beds
•4 Full Baths, 1 Partial
Sabrina Hines, Listing Office: Keller William Preferred
Is 48603, 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, 48603 has remained a Seller's Market.
Key Takeaway
48603 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48603, MI
How much do homes in 48603, MI cost?
Median Sold Price
$224,533
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,525(-1.1%)
Key Takeaway
Homes in 48603 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 48603 was $224,533 in November 2024, down 1.1% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $242.4K | $217.4K | -10.3% |
| 3 Bedrooms | $192K | $199.9K | +4.1% |
| 4 Bedrooms | $302.5K | $275.5K | -8.9% |
| 5+ Bedrooms | $339.5K | $344.5K | +1.5% |
Summary: 48603 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 48603, MI
How many homes are available in 48603, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 100 | +5.3% |
Summary: The 48603 real estate market had 100 homes for sale in November 2024, a 5.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 15 | +150.0% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 35 | 36 | +2.9% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 48603 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 150%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48603, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 48603 in November 2024, up by 26.1% month-over-month. Of the 29 sold homes, 52% were sold under asking, 14% were sold at asking, and 34% were sold over asking.
Days on Market for 48603, MI
How long does it take to sell a home in 48603, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -6.9% |
Summary: Homes in 48603 had an average of 26 days on market in Nov 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48603 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 48603; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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. 
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