$1,223 Closing Credit*
$103,000
1,124 SqFt
2 Beds
•1 Full Bath
#50161235, CHUCK GASKILL, Listing Office: REISS REAL ESTATE INC.
Is 48622, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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
$237,000
$137/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$56,550(+31.3%)
Key Takeaway
Homes in 48622 have sold for 31.3% more than they did a month ago.
Summary: The median home sold price in 48622 was $237,000 in October 2024, up 31.3% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $31K | $160K | +416.1% |
| 3 Bedrooms | $329.9K | $231K | -30.0% |
| 4 Bedrooms | - | $329.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48622 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 416.1%, 3 bedroom homes decreased by 30%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48622 | $180.4K | $237K | +31.3% |
| 48617 | $159.7K | $190K | +18.9% |
Housing Supply in 48622, MI
How many homes are available in 48622, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The 48622 real estate market had 47 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48622 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 increased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48622, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 48622 in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 97 Days | +210.8% |
Summary: Homes in 48622 had an average of 97 days on market in Oct 2024, up by 210.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48622 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 48622; 11% of homes were sold within 30 days, 44% 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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