$1,186 Closing Credit*
$99,900
1,480 SqFt
2 Beds
•1 Full Bath
Ray Megie, Listing Office: Realty Executives Main St LLC
Is 48746, 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, 48746 was a Seller's Market.
Key Takeaway
48746 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 48746, MI
How much do homes in 48746, MI cost?
Median Sold Price
$192,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,600(+4.1%)
Key Takeaway
Homes in 48746 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 48746 was $192,500 in November 2024, up 4.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.4K | $174K | +10.5% |
| 2 Bedrooms | $157.5K | $150K | -4.8% |
| 3 Bedrooms | $175K | $185K | +5.7% |
| 4 Bedrooms | $242.5K | $229K | -5.6% |
| 5+ Bedrooms | $247.2K | $393.7K | +59.3% |
Summary: 48746 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 59.3%.
Housing Supply in 48746, MI
How many homes are available in 48746, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The 48746 real estate market had 19 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 48746 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 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48746, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 48746 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 48746, MI
How long does it take to sell a home in 48746, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 22 Days | -67.5% |
Summary: Homes in 48746 had an average of 22 days on market in Nov 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48746 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 48746; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.