$3,086 Closing Credit*
$259,900
1,447 SqFt
3 Beds
•2 Full Baths
Jonathon Allen Klukowski, Listing Office: Forty Five North Real Estate
Is 48742, 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, 48742 was a Buyer's Market.
Key Takeaway
48742 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48742, MI
How much do homes in 48742, MI cost?
Median Sold Price
$168,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+7.0%)
Key Takeaway
Homes in 48742 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 48742 was $168,000 in November 2024, up 7% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $131K | $166.5K | +27.1% |
| 3 Bedrooms | $165K | $170.5K | +3.3% |
| 4 Bedrooms | $155K | $275K | +77.4% |
| 5+ Bedrooms | - | $50K | N/A |
Summary: 48742 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 77.4%, and 5+ bedroom homes did not change.
Housing Supply in 48742, MI
How many homes are available in 48742, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 48742 real estate market had 11 homes for sale in November 2024, a 8.3% decrease 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48742 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48742, 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 48742 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48742, MI
How long does it take to sell a home in 48742, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48742 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 48742; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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