$1,661 Closing Credit*
$139,900
1,716 SqFt
3 Beds
•2 Full Baths
Drew Pursley, Listing Office: Gateway Brokerage
Is 48770, 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, 48770 has remained a Seller's Market.
Key Takeaway
48770 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48770, MI
How much do homes in 48770, MI cost?
Median Sold Price
$74,000
$53/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$35,500(-32.4%)
Key Takeaway
Homes in 48770 have sold for 32.4% less than they did a month ago.
Summary: The median home sold price in 48770 was $74,000 in November 2024, down 32.4% from last month, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $48K | $85K | +77.1% |
| 3 Bedrooms | $171K | - | N/A |
| 4 Bedrooms | - | $63K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48770 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 increased by 77.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48770 | $109.5K | $74K | -32.4% |
| 48748 | $200K | $132K | -34.0% |
Housing Supply in 48770, MI
How many homes are available in 48770, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The 48770 real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48770 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 |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 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 48770, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48770 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48770, MI
How long does it take to sell a home in 48770, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 Days | 31 Days | -74.5% |
Summary: Homes in 48770 had an average of 31 days on market in Nov 2024, down by 74.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48770 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 48770; 0% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.