$6,886 Closing Credit*
$579,900
2,877 SqFt
4 Beds
•3 Full Baths, 1 Partial
#50160198, The Real Estate Specialists, Listing Office: Berkshire Hathaway HomeServices, Bay City
Is 48732, 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, 48732 has remained a Seller's Market.
Key Takeaway
48732 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48732, MI
How much do homes in 48732, MI cost?
Median Sold Price
$185,000
$135/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$15,000(-7.5%)
Key Takeaway
Homes in 48732 have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in 48732 was $185,000 in October 2024, down 7.5% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $149.9K | -48.3% |
| 3 Bedrooms | $199.9K | $190K | -5.0% |
| 4 Bedrooms | $232.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48732 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 decreased by 48.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48732 | $200K | $185K | -7.5% |
| 48706 | $218K | $168.5K | -22.7% |
| 48733 | $230K | $85K | -63.0% |
Housing Supply in 48732, MI
How many homes are available in 48732, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The 48732 real estate market had 35 homes for sale in October 2024, a 16.7% increase 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48732 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 16.7%, 3 bedroom homes increased by 35%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 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 48732, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 48732 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48732, MI
How long does it take to sell a home in 48732, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +22.6% |
Summary: Homes in 48732 had an average of 28 days on market in Oct 2024, up by 22.6% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48732 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 48732; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.