$2,314 Closing Credit*
$194,900
1,423 SqFt
3 Beds
•2 Full Baths
William T Shrewsberry, Listing Office: Vylla Homes
Is 48624, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48624 has remained a Seller's Market.
Key Takeaway
48624 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48624, MI
How much do homes in 48624, MI cost?
Median Sold Price
$202,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+17.1%)
Key Takeaway
Homes in 48624 have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in 48624 was $202,500 in October 2024, up 17.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.6K | $94K | -15.0% |
| 2 Bedrooms | $131.9K | $130K | -1.5% |
| 3 Bedrooms | $225K | $208K | -7.6% |
| 4 Bedrooms | $270K | $425K | +57.4% |
| 5+ Bedrooms | - | $457K | N/A |
Summary: 48624 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 57.4%, and 5+ bedroom homes did not change.
Housing Supply in 48624, MI
How many homes are available in 48624, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 118 | 0.0% |
Summary: The 48624 real estate market had 118 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 29 | 35 | +20.7% |
| 3 Bedrooms | 65 | 61 | -6.2% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 48624 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48624, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 48624 in October 2024, up by 38.1% month-over-month. Of the 29 sold homes, 72% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 48624, MI
How long does it take to sell a home in 48624, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 61 Days | -6.8% |
Summary: Homes in 48624 had an average of 61 days on market in Oct 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48624 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 48624; 34% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 34% 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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