$831 Closing Credit*
$70,000
1,152 SqFt
2 Beds
•1 Full Bath
#50163982, Connie Allen, Listing Office: Century 21 Signature Realty - Bay City
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
Last month, 48650 was a Seller's Market.
Key Takeaway
48650 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48650, MI
How much do homes in 48650, MI cost?
Median Sold Price
$195,000
$130/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$22,000(+12.7%)
Key Takeaway
Homes in 48650 have sold for 12.7% more than they did a month ago.
Summary: The median home sold price in 48650 was $195,000 in December 2024, up 12.7% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75.5K | $195K | +158.3% |
| 3 Bedrooms | $229.4K | - | N/A |
| 4 Bedrooms | $210K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48650 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 158.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 48650, MI
How many homes are available in 48650, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The 48650 real estate market had 13 homes for sale in December 2024, a 23.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48650 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48650, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 48650 in December 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 11 Days | -61.3% |
Summary: Homes in 48650 had an average of 11 days on market in Dec 2024, down by 61.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48650 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in 48650; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.