$2,197 Closing Credit*
$185,000
1,127 SqFt
2 Beds
•1 Full Bath
Ryan Sagady, Listing Office: Bay Realty Michigan
Is 48750, 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, 48750 has remained a Seller's Market.
Key Takeaway
48750 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48750, MI
How much do homes in 48750, MI cost?
Median Sold Price
$166,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,500(+23.3%)
Key Takeaway
Homes in 48750 have sold for 23.3% more than they did a year ago.
Summary: The median home sold price in 48750 was $166,500 in October 2024, up 23.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $47.2K | -37.0% |
| 2 Bedrooms | $131K | $149K | +13.7% |
| 3 Bedrooms | $140.9K | $153K | +8.6% |
| 4 Bedrooms | $169K | $285K | +68.6% |
| 5+ Bedrooms | $210K | $175K | -16.7% |
Summary: 48750 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 68.6%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Zip Codes
| 48750 | $135K | $166.5K | +23.3% |
| 48730 | $164K | $190K | +15.9% |
| 48737 | $198.7K | $155.2K | -21.9% |
Housing Supply in 48750, MI
How many homes are available in 48750, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 52 | -8.8% |
Summary: The 48750 real estate market had 52 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 37 | 31 | -16.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48750 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 increased by 7.1%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48750, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 48750 in October 2024, down by 8.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 48750, MI
How long does it take to sell a home in 48750, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 68 Days | +32.5% |
Summary: Homes in 48750 had an average of 68 days on market in Oct 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48750 has remained consistent over time.
Summary: During October 2024, 11 homes were sold in 48750; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.