$2,666 Closing Credit*
$224,500
1,440 SqFt
3 Beds
•2 Full Baths
Benny K Hart, Richard L Mattea, Listing Office: Spaul-Ding Associates
Is 48813, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48813 has remained a Seller's Market.
Key Takeaway
48813 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48813, MI
How much do homes in 48813, MI cost?
Median Sold Price
$214,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,000(+8.6%)
Key Takeaway
Homes in 48813 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 48813 was $214,000 in November 2024, up 8.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $89K | +11.4% |
| 2 Bedrooms | $150.5K | $170.5K | +13.3% |
| 3 Bedrooms | $215K | $224.5K | +4.4% |
| 4 Bedrooms | $235.4K | $223.2K | -5.2% |
| 5+ Bedrooms | $255K | $325K | +27.5% |
Summary: 48813 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 27.5%.
Housing Supply in 48813, MI
How many homes are available in 48813, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 74 | -15.9% |
Summary: The 48813 real estate market had 74 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 42 | 36 | -14.3% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 48813 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 35.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 14 | -56.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48813, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 48813 in November 2024, down by 56.3% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 48813, MI
How long does it take to sell a home in 48813, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 38 Days | +167.4% |
Summary: Homes in 48813 had an average of 38 days on market in Nov 2024, up by 167.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48813 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 48813; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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