Housing Prices in 48705, MI

How much do homes in 48705, MI cost?

Median List Price

$244,400

$151/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$115,950(+90.3%)

Key Takeaway

The list price of homes in 48705 has increased by 90.3% since last year.

Summary: The median home list price in 48705 was $244,400 in October 2024, up 90.3% from the previous year, and the median price per square foot was $151.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $157K$248.5K
+58.3%
3 $99.9K$193.3K
+93.5%
4 -$289.9K
N/A
5+ -$99K
N/A

Summary: 48705 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 93.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

48705
+90.3%
49747
+84.3%
48742
+6.3%
48762
0.0%

Housing Supply in 48705, MI

How many homes are available in 48705, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
45+25.0%

Summary: The 48705 real estate market had 5 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 13
+200.0%
4 00
0.0%
5+ 11
0.0%

Summary: The 48705 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 50%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 48705, MI

How long does it take to sell a home in 48705, MI?

Average Listing Age

Oct 2023Oct 2024CHANGE
179 Days183 Days+2.5%

Summary: Homes in 48705 had an average listing age of 183 days in Oct 2024, up by 2.5% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 48705, MI

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