$1,425 Closing Credit*
$120,000
1,500 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50160748, KERRY REDMAN, Listing Office: RE/MAX RIVER HAVEN
Is 48650, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48650 has remained a Seller's Market.
Key Takeaway
48650 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48650, MI
How much do homes in 48650, MI cost?
Median Sold Price
$140,000
$125/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$46,000(-24.7%)
Key Takeaway
Homes in 48650 have sold for 24.7% less than they did a month ago.
Summary: The median home sold price in 48650 was $140,000 in October 2024, down 24.7% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $115K | +283.3% |
| 2 Bedrooms | $90K | $115K | +27.8% |
| 3 Bedrooms | $186.9K | $151K | -19.2% |
| 4 Bedrooms | $326.5K | $330K | +1.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48650 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 283.3%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48613 | $30.5K | $529K | +1634.4% |
| 48634 | $199.5K | $297.5K | +49.1% |
| 48658 | $145K | $123.2K | -15.0% |
| 48650 | $186K | $140K | -24.7% |
Housing Supply in 48650, MI
How many homes are available in 48650, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The 48650 real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48650 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48650, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48650 in October 2024, up by 116.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for 48650, MI
How long does it take to sell a home in 48650, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 15 Days | -55.2% |
Summary: Homes in 48650 had an average of 15 days on market in Oct 2024, down by 55.2% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48650 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 48650; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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.