$2,719 Closing Credit*
$229,000
1,500 SqFt
3 Beds
•2 Full Baths
JEFF KERMATH, Listing Office: KERMATH REALTY LLC
Is 48761, 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, 48761 was a Seller's Market.
Key Takeaway
48761 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48761, MI
How much do homes in 48761, MI cost?
Median Sold Price
$133,900
$95/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$3,900(+3.0%)
Key Takeaway
Homes in 48761 have sold for 3% more than they did a month ago.
Summary: The median home sold price in 48761 was $133,900 in November 2024, up 3% from last month, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $101.7K | - | N/A |
| 3 Bedrooms | $445K | $133.9K | -69.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48761 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 did not change, 3 bedroom homes decreased by 69.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 48761, MI
How many homes are available in 48761, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The 48761 real estate market had 8 homes for sale in November 2024, a 20.0% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48761 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48761, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 48761 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 48761, MI
How long does it take to sell a home in 48761, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 Days | 28 Days | -67.6% |
Summary: Homes in 48761 had an average of 28 days on market in Nov 2024, down by 67.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48761 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 48761; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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