$3,384 Closing Credit*
$285,000
1,519 SqFt
2 Beds
•3 Full Baths
Coleen Hetzner, Listing Office: Century 21 Signature - Frankenmuth
Is 48734, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48734 has remained a Seller's Market.
Key Takeaway
48734 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48734, MI
How much do homes in 48734, MI cost?
Median Sold Price
$300,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-3.2%)
Key Takeaway
Homes in 48734 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 48734 was $300,000 in October 2024, down 3.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209.4K | $261.2K | +24.7% |
| 3 Bedrooms | $310K | $295K | -4.8% |
| 4 Bedrooms | $367K | $406K | +10.6% |
| 5+ Bedrooms | $480K | $507.5K | +5.7% |
Summary: 48734 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 24.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 48734, MI
How many homes are available in 48734, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The 48734 real estate market had 21 homes for sale in October 2024, a 12.5% decrease 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 48734 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 increased by 33.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48734, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48734 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 48734, MI
How long does it take to sell a home in 48734, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 62 Days | +175.6% |
Summary: Homes in 48734 had an average of 62 days on market in Oct 2024, up by 175.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48734 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 48734; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
