$1,780 Closing Credit*
$149,900
980 SqFt
2 Beds
•1 Full Bath
Wesley C Brooks, Listing Office: RE/MAX Eclipse Clarkston
Is 48725, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48725 has remained a Seller's Market.
Key Takeaway
48725 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48725, MI
How much do homes in 48725, MI cost?
Median Sold Price
$202,000
$144/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$42,000(+26.3%)
Key Takeaway
Homes in 48725 have sold for 26.3% more than they did a month ago.
Summary: The median home sold price in 48725 was $202,000 in October 2024, up 26.3% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $118K | $192.5K | +63.1% |
| 3 Bedrooms | $187.5K | $202K | +7.7% |
| 4 Bedrooms | $155K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48725 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48725 | $160K | $202K | +26.3% |
| 48755 | $311.7K | $301K | -3.4% |
Housing Supply in 48725, MI
How many homes are available in 48725, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Summary: The 48725 real estate market had 16 homes for sale in October 2024, a 30.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48725 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48725, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 48725 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 48725, MI
How long does it take to sell a home in 48725, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 101 Days | +171.6% |
Summary: Homes in 48725 had an average of 101 days on market in Oct 2024, up by 171.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48725 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 48725; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.