$75,000
Land
Kimberly Kaminski, Listing Office: Homewaters, LLC - Houghton Lake
Is 48629, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$205,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+9.6%)
Key Takeaway
Homes in 48629 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 48629 was $205,000 in November 2024, up 9.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $65.7K | -22.7% |
| 2 Bedrooms | $135K | $119.9K | -11.1% |
| 3 Bedrooms | $207K | $234.5K | +13.3% |
| 4 Bedrooms | $290K | $444.7K | +53.4% |
| 5+ Bedrooms | $235K | $622.4K | +164.9% |
Summary: 48629 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 53.4%, and 5+ bedroom homes increased by 164.9%.
Median Sold Price Compared To Nearby Zip Codes
| 48651 | $181.5K | $199.5K | +9.9% |
| 48629 | $187K | $205K | +9.6% |
Housing Supply in 48629, MI
How many homes are available in 48629, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 105 | +1.0% |
Summary: The 48629 real estate market had 105 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 48629 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48629, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 48629 in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 23 Days | -33.8% |
Summary: Homes in 48629 had an average of 23 days on market in Nov 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48629 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 48629; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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.