$901 Closing Credit*
$75,900
1,458 SqFt
3 Beds
•2 Full Baths
Lynn M Borcherding, Listing Office: Area Wide Real Estate
Is 48746, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48746 has remained a Seller's Market.
Key Takeaway
48746 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48746, MI
How much do homes in 48746, MI cost?
Median Sold Price
$190,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,100(+2.8%)
Key Takeaway
Homes in 48746 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 48746 was $190,000 in October 2024, up 2.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $219.9K | +131.5% |
| 2 Bedrooms | $155K | $155K | 0.0% |
| 3 Bedrooms | $184.9K | $184.9K | 0.0% |
| 4 Bedrooms | $250K | $233K | -6.8% |
| 5+ Bedrooms | $247.2K | $393.7K | +59.3% |
Summary: 48746 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.5%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Summary: The 48746 real estate market had 21 homes for sale in October 2024, a 19.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48746 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 decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48746, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 48746 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 30 Days | +260.5% |
Summary: Homes in 48746 had an average of 30 days on market in Oct 2024, up by 260.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 7 homes were sold in 48746; 71% of homes were sold within 30 days, 29% 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.