$3,918 Closing Credit*
$329,900
2,684 SqFt
4 Beds
•2 Full Baths, 1 Partial
Linda Sarmiento, Chris Leibinger, Listing Office: Berkshire Hathaway HomeServices
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
$160,000
$143/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$20,000(-11.1%)
Key Takeaway
Homes in 48732 have sold for 11.1% less than they did a month ago.
Summary: The median home sold price in 48732 was $160,000 in November 2024, down 11.1% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $155K | +3.4% |
| 3 Bedrooms | $185K | $209K | +13.0% |
| 4 Bedrooms | - | $329.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48732 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48733 | $85K | $232K | +172.9% |
| 48732 | $180K | $160K | -11.1% |
Housing Supply in 48732, MI
How many homes are available in 48732, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The 48732 real estate market had 33 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 28 | 20 | -28.6% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48732 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 16.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 250%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48732, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 48732 in November 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 11 Days | -57.5% |
Summary: Homes in 48732 had an average of 11 days on market in Nov 2024, down by 57.5% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 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 November 2024, 9 homes were sold in 48732; 100% of homes were sold within 30 days, 0% 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.