$2,719 Closing Credit*
$229,000
1,550 SqFt
3 Beds
•1 Full Bath
PATRICIA DACK, Listing Office: C.A.HANES REALTY- M33
Is 48763, 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, 48763 was a Seller's Market.
Key Takeaway
48763 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 48763, MI
How much do homes in 48763, MI cost?
Median Sold Price
$192,700
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$200(+0.1%)
Key Takeaway
The sold price of homes in 48763 has remained the same since last year.
Summary: The median home sold price in 48763 was $192,700 in November 2024, up 0.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $55K | -6.8% |
| 2 Bedrooms | $232.5K | $178.9K | -23.1% |
| 3 Bedrooms | $156.9K | $210K | +33.8% |
| 4 Bedrooms | $404.5K | $248.5K | -38.6% |
| 5+ Bedrooms | $165K | $274.9K | +66.6% |
Summary: 48763 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 33.8%, 4 bedroom homes decreased by 38.6%, and 5+ bedroom homes increased by 66.6%.
Median Sold Price Compared To Nearby Zip Codes
| 48730 | $153.7K | $215K | +39.8% |
| 48763 | $192.5K | $192.7K | 0.1% |
Housing Supply in 48763, MI
How many homes are available in 48763, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The 48763 real estate market had 27 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48763 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 42.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48763, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48763 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48763, MI
How long does it take to sell a home in 48763, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 34 Days | -46.5% |
Summary: Homes in 48763 had an average of 34 days on market in Nov 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
2 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 48763 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 48763; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
