$1,068 Closing Credit*
$89,900
678 SqFt
2 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 November 2023
At the same time last year, 48737 was a Seller's Market.
Key Takeaway
48737 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48737, MI
How much do homes in 48737, MI cost?
Median Sold Price
$150,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,900(-9.6%)
Key Takeaway
Homes in 48737 have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in 48737 was $150,000 in November 2024, down 9.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18K | $145K | +705.6% |
| 2 Bedrooms | $115K | $147.5K | +28.3% |
| 3 Bedrooms | $290K | $288.4K | -0.5% |
| 4 Bedrooms | $152.5K | $135.8K | -11.0% |
| 5+ Bedrooms | $200K | - | N/A |
Summary: 48737 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 705.6%, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes did not change.
Housing Supply in 48737, MI
How many homes are available in 48737, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Summary: The 48737 real estate market had 8 homes for sale in November 2024, a 60.0% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48737 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 increased by 50%, 3 bedroom homes increased by 150%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
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 November 2024, the same as the previous 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?
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 November 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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