$2,672 Closing Credit*
$225,000
1,676 SqFt
4 Beds
•2 Full Baths
Michele K Papatheodore, Listing Office: Keller Williams First
Is 48629, 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, 48629 was a Seller's Market.
Key Takeaway
48629 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48629, MI
How much do homes in 48629, MI cost?
Median Sold Price
$200,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,500(+6.1%)
Key Takeaway
Homes in 48629 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 48629 was $200,000 in October 2024, up 6.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $75.3K | -38.5% |
| 2 Bedrooms | $139.9K | $120K | -14.2% |
| 3 Bedrooms | $207K | $230K | +11.1% |
| 4 Bedrooms | $295K | $452.9K | +53.6% |
| 5+ Bedrooms | $235K | $622.4K | +164.9% |
Summary: 48629 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 53.6%, and 5+ bedroom homes increased by 164.9%.
Median Sold Price Compared To Nearby Zip Codes
| 48651 | $169K | $203.7K | +20.5% |
| 48629 | $188.5K | $200K | +6.1% |
| 49632 | $130.5K | $137.5K | +5.3% |
Housing Supply in 48629, MI
How many homes are available in 48629, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 115 | +8.5% |
Summary: The 48629 real estate market had 115 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 30 | 32 | +6.7% |
| 3 Bedrooms | 46 | 52 | +13.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 48629 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 6.7%, 3 bedroom homes increased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48629, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 48629 in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% were sold over asking.
Days on Market for 48629, MI
How long does it take to sell a home in 48629, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 108 Days | +87.3% |
Summary: Homes in 48629 had an average of 108 days on market in Oct 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48629 has remained consistent over time.
Summary: During October 2024, 16 homes were sold in 48629; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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