$3,266 Closing Credit*
$275,000
1,100 SqFt
3 Beds
•1 Full Bath, 1 Partial
Renee W Waverly, Listing Office: Brookstone Realtors
Is 48653, 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, 48653 has remained a Seller's Market.
Key Takeaway
48653 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48653, MI
How much do homes in 48653, MI cost?
Median Sold Price
$194,800
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,466(+7.4%)
Key Takeaway
Homes in 48653 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 48653 was $194,800 in November 2024, up 7.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.5K | $142K | +53.5% |
| 2 Bedrooms | $159.4K | $165K | +3.5% |
| 3 Bedrooms | $197.5K | $226.5K | +14.7% |
| 4 Bedrooms | $280K | $328.5K | +17.3% |
| 5+ Bedrooms | $430K | $875K | +103.5% |
Summary: 48653 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.5%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 103.5%.
Housing Supply in 48653, MI
How many homes are available in 48653, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 102 | +3.0% |
Summary: The 48653 real estate market had 102 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 48653 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 increased by 2.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48653, you may be able to get a good deal. 82.6% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 48653 in November 2024, up by 20.0% month-over-month. Of the 23 sold homes, 83% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for 48653, MI
How long does it take to sell a home in 48653, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 52 Days | -34.4% |
Summary: Homes in 48653 had an average of 52 days on market in Nov 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48653 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 48653; 13% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information 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 about said listings includes the listing office information. 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 NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved