$2,078 Closing Credit*
$175,000
1,346 SqFt
2 Beds
•1 Full Bath, 1 Partial
Seth Chaffin, Listing Office: RE/MAX Eclipse Clarkston
Is 48661, 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, 48661 has remained a Seller's Market.
Key Takeaway
48661 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48661, MI
How much do homes in 48661, MI cost?
Median Sold Price
$197,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,000(+16.5%)
Key Takeaway
Homes in 48661 have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in 48661 was $197,500 in November 2024, up 16.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $120K | +50.0% |
| 2 Bedrooms | $129K | $135K | +4.7% |
| 3 Bedrooms | $210K | $229.9K | +9.5% |
| 4 Bedrooms | $202.5K | $302.5K | +49.4% |
| 5+ Bedrooms | $250K | $290K | +16.0% |
Summary: 48661 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 49.4%, and 5+ bedroom homes increased by 16%.
Housing Supply in 48661, MI
How many homes are available in 48661, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 61 | -6.2% |
Summary: The 48661 real estate market had 61 homes for sale in November 2024, a 6.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 48661 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48661, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 48661 in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 48661, MI
How long does it take to sell a home in 48661, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 86 Days | +39.1% |
Summary: Homes in 48661 had an average of 86 days on market in Nov 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 48661 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 11 homes were sold in 48661; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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