$1,544 Closing Credit*
$130,000
780 SqFt
2 Beds
•1 Full Bath
#50163117, Laura Pfeil, Listing Office: KW Platinum
Is 48750, 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, 48750 was a Seller's Market.
Key Takeaway
48750 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 48750, MI
How much do homes in 48750, MI cost?
Median Sold Price
$161,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+19.3%)
Key Takeaway
Homes in 48750 have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in 48750 was $161,000 in November 2024, up 19.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $56.9K | -24.1% |
| 2 Bedrooms | $130K | $135K | +3.8% |
| 3 Bedrooms | $138.5K | $164K | +18.4% |
| 4 Bedrooms | $169K | $260K | +53.8% |
| 5+ Bedrooms | $205K | $175K | -14.6% |
Summary: 48750 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Zip Codes
| 48730 | $153.7K | $215K | +39.8% |
| 48750 | $135K | $161K | +19.3% |
| 48737 | $165.9K | $150K | -9.6% |
Housing Supply in 48750, MI
How many homes are available in 48750, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The 48750 real estate market had 47 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48750 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 48750 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 72 Days | +158.7% |
Summary: Homes in 48750 had an average of 72 days on market in Nov 2024, up by 158.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48750 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 48750; 0% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 14% 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.
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