$1,722 Closing Credit*
$145,000
1,072 SqFt
2 Beds
•2 Full Baths
Troy Schearer, Listing Office: JPAR - Great Lakes Bay Region
Is 48739, 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, 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
$206,500
$127/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$110,500(-34.9%)
Key Takeaway
Homes in 48739 have sold for 34.9% less than they did a month ago.
Summary: The median home sold price in 48739 was $206,500 in October 2024, down 34.9% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126.9K | $200K | +57.5% |
| 3 Bedrooms | $425K | $203K | -52.2% |
| 4 Bedrooms | $385K | $210K | -45.5% |
| 5+ Bedrooms | $199.5K | $520K | +160.7% |
Summary: 48739 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.5%, 3 bedroom homes decreased by 52.2%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes increased by 160.7%.
Median Sold Price Compared To Nearby Zip Codes
| 48761 | $85K | $130K | +52.9% |
| 48635 | $155K | $155K | 0.0% |
| 48739 | $317K | $206.5K | -34.9% |
| 48770 | $186K | $109.5K | -41.1% |
Housing Supply in 48739, MI
How many homes are available in 48739, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The 48739 real estate market had 43 homes for sale in October 2024, a 10.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48739 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48739, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 48739 in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 87 Days | +53.8% |
Summary: Homes in 48739 had an average of 87 days on market in Oct 2024, up by 53.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48739 has remained consistent over time.
Summary: During October 2024, 12 homes were sold in 48739; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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.