$1,602 Closing Credit*
$134,900
616 SqFt
1 Bed
•1 Full Bath
#50163480, JOHN CARLSTROM, Listing Office: HARRISON REALTY INC.
Is 48625, 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, 48625 has remained a Seller's Market.
Key Takeaway
48625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48625, MI
How much do homes in 48625, MI cost?
Median Sold Price
$115,900
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,900(+15.9%)
Key Takeaway
Homes in 48625 have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in 48625 was $115,900 in November 2024, up 15.9% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $79.9K | +14.1% |
| 2 Bedrooms | $85K | $92K | +8.2% |
| 3 Bedrooms | $117K | $157.5K | +34.6% |
| 4 Bedrooms | $159K | $184.4K | +16.0% |
| 5+ Bedrooms | $465K | $340K | -26.9% |
Summary: 48625 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 26.9%.
Housing Supply in 48625, MI
How many homes are available in 48625, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 102 | -17.1% |
Summary: The 48625 real estate market had 102 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 57 | 43 | -24.6% |
| 3 Bedrooms | 48 | 41 | -14.6% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 48625 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 24.6%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48625, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 48625 in November 2024, down by 29.0% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 48625, MI
How long does it take to sell a home in 48625, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 132 Days | 79 Days | -40.1% |
Summary: Homes in 48625 had an average of 79 days on market in Nov 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48625 has remained consistent over time.
Summary: During November 2024, 22 homes were sold in 48625; 14% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 32% 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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