$2,078 Closing Credit*
$175,000
1,312 SqFt
3 Beds
•1 Full Bath
Mark Sieggreen, Listing Office: Wilson Realty
Is 48626, 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, 48626 was a Seller's Market.
Key Takeaway
48626 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48626, MI
How much do homes in 48626, MI cost?
Median Sold Price
$237,450
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,050(+37.7%)
Key Takeaway
Homes in 48626 have sold for 37.7% more than they did a year ago.
Summary: The median home sold price in 48626 was $237,450 in October 2024, up 37.7% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $169.9K | +41.6% |
| 3 Bedrooms | $180K | $192K | +6.7% |
| 4 Bedrooms | $170K | $327.5K | +92.6% |
| 5+ Bedrooms | $567.5K | - | N/A |
Summary: 48626 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 92.6%, and 5+ bedroom homes did not change.
Housing Supply in 48626, MI
How many homes are available in 48626, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The 48626 real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48626 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 remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 1 | -88.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48626, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 48626 in October 2024, down by 88.9% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48626, MI
How long does it take to sell a home in 48626, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +54.5% |
Summary: Homes in 48626 had an average of 34 days on market in Oct 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48626 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 48626; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.