$1,484 Closing Credit*
$125,000
2,050 SqFt
3 Beds
•1 Full Bath
Jonathon Allen Klukowski, Listing Office: Forty Five North Real Estate
Is 48737, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48737 was a Seller's Market.
Key Takeaway
48737 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48737, MI
How much do homes in 48737, MI cost?
Median Sold Price
$155,200
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$43,550(-21.9%)
Key Takeaway
Homes in 48737 have sold for 21.9% less than they did a year ago.
Summary: The median home sold price in 48737 was $155,200 in October 2024, down 21.9% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18K | $145K | +705.6% |
| 2 Bedrooms | $189K | $150K | -20.6% |
| 3 Bedrooms | $296.2K | $288.4K | -2.6% |
| 4 Bedrooms | $183.5K | $167.9K | -8.5% |
| 5+ Bedrooms | $200K | - | N/A |
Summary: 48737 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 705.6%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48750 | $135K | $166.5K | +23.3% |
| 48737 | $198.7K | $155.2K | -21.9% |
Housing Supply in 48737, MI
How many homes are available in 48737, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The 48737 real estate market had 6 homes for sale in October 2024, a 33.3% 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48737 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48737, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 48737 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48737, MI
How long does it take to sell a home in 48737, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 96 Days | +380.0% |
Summary: Homes in 48737 had an average of 96 days on market in Oct 2024, up by 380% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 48737 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 48737; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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