$4,501 Closing Credit*
$379,000
1,710 SqFt
3 Beds
•1 Full Bath, 1 Partial
CHERYL MCDONELL, Listing Office: HAPPY ACRES REAL ESTATE
Is 48739, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48739 has remained a Seller's Market.
Key Takeaway
48739 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48739, MI
How much do homes in 48739, MI cost?
Median Sold Price
$230,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,500(+22.0%)
Key Takeaway
Homes in 48739 have sold for 22% more than they did a year ago.
Summary: The median home sold price in 48739 was $230,000 in November 2024, up 22% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.6K | $126K | +64.5% |
| 2 Bedrooms | $187K | $218K | +16.6% |
| 3 Bedrooms | $175K | $232.5K | +32.9% |
| 4 Bedrooms | $382K | $330K | -13.6% |
| 5+ Bedrooms | $251K | $360K | +43.4% |
Summary: 48739 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.5%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 32.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 43.4%.
Median Sold Price Compared To Nearby Zip Codes
| 48739 | $188.5K | $230K | +22.0% |
| 48635 | $157K | $163.7K | +4.3% |
Housing Supply in 48739, MI
How many homes are available in 48739, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Summary: The 48739 real estate market had 35 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 48739 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 6.3%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48739, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 48739 in November 2024, down by 46.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 48739, MI
How long does it take to sell a home in 48739, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 95 Days | 62 Days | -34.8% |
Summary: Homes in 48739 had an average of 62 days on market in Nov 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48739 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 48739; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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.