$1,627 Closing Credit*
$137,000
696 SqFt
2 Beds
•1 Full Bath
Peggy Wimmer, Listing Office: Cary Real Estate
Is 48651, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48651 has remained a Seller's Market.
Key Takeaway
48651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48651, MI
How much do homes in 48651, MI cost?
Median Sold Price
$203,700
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,700(+20.5%)
Key Takeaway
Homes in 48651 have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in 48651 was $203,700 in October 2024, up 20.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $44.5K | -62.6% |
| 2 Bedrooms | $143.5K | $142K | -1.0% |
| 3 Bedrooms | $227.5K | $234.7K | +3.2% |
| 4 Bedrooms | $206.5K | $340.7K | +65.0% |
| 5+ Bedrooms | $132.5K | $422.4K | +218.8% |
Summary: 48651 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.6%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 65%, and 5+ bedroom homes increased by 218.8%.
Housing Supply in 48651, MI
How many homes are available in 48651, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 54 | -12.9% |
Summary: The 48651 real estate market had 54 homes for sale in October 2024, a 12.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 31 | 24 | -22.6% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48651 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 decreased by 10.7%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48651, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 48651 in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 48651, MI
We’re sorry, we don't have information for this market at the moment
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