$416 Closing Credit*
$35,000
1,030 SqFt
2 Beds
•1 Full Bath
JEFFREY HUTCHISON, Listing Office: TAWAS SUNSHINE REALTY
Is 48748, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 48748 was a Seller's Market.
Key Takeaway
48748 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48748, MI
How much do homes in 48748, MI cost?
Median Sold Price
$132,000
$183/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$68,000(-34.0%)
Key Takeaway
Homes in 48748 have sold for 34% less than they did a month ago.
Summary: The median home sold price in 48748 was $132,000 in November 2024, down 34% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $296K | $132K | -55.4% |
| 3 Bedrooms | $159.9K | - | N/A |
| 4 Bedrooms | $645K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48748 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 48748, MI
How many homes are available in 48748, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The 48748 real estate market had 11 homes for sale in November 2024, a 21.4% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48748 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 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
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 48748, 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 48748 in November 2024, down by 80.0% month-over-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 48748, MI
How long does it take to sell a home in 48748, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 69 Days | -17.5% |
Summary: Homes in 48748 had an average of 69 days on market in Nov 2024, down by 17.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48748 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 48748; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
