$1,841 Closing Credit*
$155,000
775 SqFt
2 Beds
•1 Full Bath
Barbara Schaefer, Listing Office: Berkshire Hathaway HomeServices Michigan Real Est
Is 48742, 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, 48742 has remained a Buyer's Market.
Key Takeaway
48742 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48742, MI
How much do homes in 48742, MI cost?
Median Sold Price
$235,000
$138/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$67,000(+39.9%)
Key Takeaway
Homes in 48742 have sold for 39.9% more than they did a month ago.
Summary: The median home sold price in 48742 was $235,000 in October 2024, up 39.9% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168K | - | N/A |
| 3 Bedrooms | - | $235K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48742 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48740 | $186.7K | $385K | +106.2% |
| 48742 | $168K | $235K | +39.9% |
Housing Supply in 48742, MI
How many homes are available in 48742, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 48742 real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48742 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 remained the same, 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 |
|---|---|---|
| 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 48742, 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 48742 in October 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 48742, MI
We’re sorry, we don't have information for this market at the moment
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