$3,739 Closing Credit*
$314,900
1,663 SqFt
3 Beds
•2 Full Baths
Michael A Ferrera, Listing Office: 3DX Real Estate LLC
Is 48763, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48763 has remained a Seller's Market.
Key Takeaway
48763 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48763, MI
How much do homes in 48763, MI cost?
Median Sold Price
$311,000
$166/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$146,550(+89.1%)
Key Takeaway
Homes in 48763 have sold for 89.1% more than they did a month ago.
Summary: The median home sold price in 48763 was $311,000 in October 2024, up 89.1% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.4K | $185K | +28.1% |
| 3 Bedrooms | $224K | $378K | +68.8% |
| 4 Bedrooms | - | $311K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48763 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 68.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48763 | $164.4K | $311K | +89.1% |
| 48748 | $150K | $200K | +33.3% |
| 48770 | $186K | $109.5K | -41.1% |
Housing Supply in 48763, MI
How many homes are available in 48763, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The 48763 real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48763 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 decreased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
6 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 48763, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 48763 in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 56 Days | -16.4% |
Summary: Homes in 48763 had an average of 56 days on market in Oct 2024, down by 16.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48763 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 48763; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
