$2,493 Closing Credit*
$209,900
1,658 SqFt
3 Beds
•1 Full Bath
Tung Vu-Nguyen, Listing Office: EXIT Realty Home Partners
Is 48808, 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, 48808 was a Seller's Market.
Key Takeaway
48808 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 48808, MI
How much do homes in 48808, MI cost?
Median Sold Price
$313,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+11.4%)
Key Takeaway
Homes in 48808 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 48808 was $313,000 in November 2024, up 11.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.4K | $35K | -75.1% |
| 2 Bedrooms | $185K | $377K | +103.8% |
| 3 Bedrooms | $277K | $282.5K | +2.0% |
| 4 Bedrooms | $310K | $415K | +33.9% |
| 5+ Bedrooms | $543K | $682K | +25.6% |
Summary: 48808 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.1%, 2 bedroom homes increased by 103.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in 48808, MI
How many homes are available in 48808, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The 48808 real estate market had 19 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48808 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48808, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 48808 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48808, MI
How long does it take to sell a home in 48808, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 3 Days | -92.9% |
Summary: Homes in 48808 had an average of 3 days on market in Nov 2024, down by 92.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48808 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 48808; 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.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.