$1,870 Closing Credit*
$157,500
1,968 SqFt
2 Beds
•1 Full Bath
Mo Bringard, Listing Office: NextHome Park Place
Is 48612, 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, 48612 was a Seller's Market.
Key Takeaway
48612 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 48612, MI
How much do homes in 48612, MI cost?
Median Sold Price
$177,450
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,450(+2.6%)
Key Takeaway
Homes in 48612 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 48612 was $177,450 in October 2024, up 2.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.7K | $115K | +106.4% |
| 2 Bedrooms | $120K | $132.5K | +10.4% |
| 3 Bedrooms | $193.2K | $200K | +3.5% |
| 4 Bedrooms | $390K | $307.5K | -21.2% |
| 5+ Bedrooms | $455K | $515K | +13.2% |
Summary: 48612 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Zip Codes
| 48624 | $173K | $202.5K | +17.1% |
| 48612 | $173K | $177.4K | +2.6% |
Housing Supply in 48612, MI
How many homes are available in 48612, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 74 | +15.6% |
Summary: The 48612 real estate market had 74 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48612 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48612, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 48612 in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 50 Days | -13.3% |
Summary: Homes in 48612 had an average of 50 days on market in Oct 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
5 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 October 2024, 12 homes were sold in 48612; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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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