$2,255 Closing Credit*
$189,900
2,998 SqFt
4 Beds
•3 Full Baths
Drew Pursley, Listing Office: Gateway Brokerage
Is 48622, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48622 was a Buyer's Market.
Key Takeaway
48622 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48622, MI
How much do homes in 48622, MI cost?
Median Sold Price
$192,450
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,450(+21.0%)
Key Takeaway
Homes in 48622 have sold for 21% more than they did a year ago.
Summary: The median home sold price in 48622 was $192,450 in November 2024, up 21% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $29K | $92.8K | +220.3% |
| 2 Bedrooms | $140.2K | $133K | -5.2% |
| 3 Bedrooms | $158K | $189.9K | +20.2% |
| 4 Bedrooms | $207K | $250K | +20.8% |
| 5+ Bedrooms | $400K | - | N/A |
Summary: 48622 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 220.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48622 | $159K | $192.4K | +21.0% |
| 48632 | $149K | $149.5K | 0.3% |
Housing Supply in 48622, MI
How many homes are available in 48622, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The 48622 real estate market had 43 homes for sale in November 2024, a 10.4% decrease 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48622 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 remained the same, 3 bedroom homes decreased by 16.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48622, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 48622 in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 48622, MI
How long does it take to sell a home in 48622, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 135 Days | 83 Days | -37.9% |
Summary: Homes in 48622 had an average of 83 days on market in Nov 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 48622 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 9 homes were sold in 48622; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% 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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