$1,294 Closing Credit*
$109,000
1,834 SqFt
2 Baths
Micah Kemler, Listing Office: 43 NORTH REALTY
Is 48801, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 48801 has remained a Seller's Market.
Key Takeaway
48801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48801, MI
How much do homes in 48801, MI cost?
Median Sold Price
$160,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$18,000(+12.7%)
Key Takeaway
Homes in 48801 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 48801 was $160,000 in December 2024, up 12.7% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $99.7K | N/A |
| 2 Bedrooms | $115K | $124.5K | +8.3% |
| 3 Bedrooms | $156K | $161K | +3.2% |
| 4 Bedrooms | $156K | $213K | +36.5% |
| 5+ Bedrooms | $422.6K | $230K | -45.6% |
Summary: 48801 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 36.5%, and 5+ bedroom homes decreased by 45.6%.
Housing Supply in 48801, MI
How many homes are available in 48801, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 48 | 45 | -6.3% |
Summary: The 48801 real estate market had 45 homes for sale in December 2024, a 6.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 48801 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
9 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 48801, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 48801 in December 2024, up by 22.2% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for 48801, MI
How long does it take to sell a home in 48801, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 53 Days | 116 Days | +120.1% |
Summary: Homes in 48801 had an average of 116 days on market in Dec 2024, up by 120.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 48801 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 11 homes were sold in 48801; 18% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.