$1,752 Closing Credit*
$147,500
1,134 SqFt
2 Beds
•1 Full Bath
#50163082, Scott Fader, Listing Office: Joseph Walter Realty LLC
Is 48635, 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, 48635 has remained a Seller's Market.
Key Takeaway
48635 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48635, MI
How much do homes in 48635, MI cost?
Median Sold Price
$163,700
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,700(+4.3%)
Key Takeaway
Homes in 48635 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 48635 was $163,700 in November 2024, up 4.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $67K | -10.7% |
| 2 Bedrooms | $144.5K | $122.4K | -15.2% |
| 3 Bedrooms | $198.7K | $210K | +5.7% |
| 4 Bedrooms | $525K | $325K | -38.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48635 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes did not change.
Housing Supply in 48635, MI
How many homes are available in 48635, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The 48635 real estate market had 17 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48635 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48635, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 48635 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 48635, MI
How long does it take to sell a home in 48635, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 107 Days | +96.4% |
Summary: Homes in 48635 had an average of 107 days on market in Nov 2024, up by 96.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 48635 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in 48635; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.