$9,083 Closing Credit*
$764,900
1,600 SqFt
3 Beds
•2 Full Baths
Jeff Flint, Listing Office: Next Home Inspire
Is 48612, 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, 48612 has remained a Seller's Market.
Key Takeaway
48612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48612, MI
How much do homes in 48612, MI cost?
Median Sold Price
$179,950
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,950(+6.5%)
Key Takeaway
Homes in 48612 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 48612 was $179,950 in November 2024, up 6.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $97K | +44.8% |
| 2 Bedrooms | $98K | $132.5K | +35.2% |
| 3 Bedrooms | $188K | $218.7K | +16.4% |
| 4 Bedrooms | $390K | $292.5K | -25.0% |
| 5+ Bedrooms | $455K | $515K | +13.2% |
Summary: 48612 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes increased by 35.2%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Zip Codes
| 48624 | $176K | $195K | +10.8% |
| 48612 | $169K | $179.9K | +6.5% |
Housing Supply in 48612, MI
How many homes are available in 48612, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 65 | -9.7% |
Summary: The 48612 real estate market had 65 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48612 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48612, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 48612 in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for 48612, MI
How long does it take to sell a home in 48612, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 48 Days | +116.7% |
Summary: Homes in 48612 had an average of 48 days on market in Nov 2024, up by 116.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48612 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 48612; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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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