$582 Closing Credit*
$49,000
2,366 SqFt
1 Bed
•2 Baths
#50160258, Brad Winningham, Listing Office: Keller Williams Realty Lakeside
Is 48767, 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, 48767 has remained a Seller's Market.
Key Takeaway
48767 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48767, MI
How much do homes in 48767, MI cost?
Median Sold Price
$305,000
$110/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$135,000(+79.4%)
Key Takeaway
Homes in 48767 have sold for 79.4% more than they did a month ago.
Summary: The median home sold price in 48767 was $305,000 in December 2024, up 79.4% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | - | N/A |
| 4 Bedrooms | $170K | $305K | +79.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48767 housing prices by bedroom type for December 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 did not change, 4 bedroom homes increased by 79.4%, and 5+ bedroom homes did not change.
Housing Supply in 48767, MI
How many homes are available in 48767, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The 48767 real estate market had 4 homes for sale in December 2024, a 42.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48767 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48767, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 48767 in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48767, MI
How long does it take to sell a home in 48767, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 118 Days | 24 Days | -79.7% |
Summary: Homes in 48767 had an average of 24 days on market in Dec 2024, down by 79.7% 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 48767 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in 48767; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.