$2,196 Closing Credit*
$184,900
1,862 SqFt
3 Beds
•1 Full Bath, 1 Partial
Travis Blaine Conti, Listing Office: RE/MAX Real Estate Professionals
Is 48813, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$213,166
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,762(+9.1%)
Key Takeaway
Homes in 48813 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 48813 was $213,166 in October 2024, up 9.1% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $89K | +11.4% |
| 2 Bedrooms | $151K | $168.9K | +11.9% |
| 3 Bedrooms | $228K | $224.7K | -1.4% |
| 4 Bedrooms | $217K | $226K | +4.1% |
| 5+ Bedrooms | $255K | $324.6K | +27.3% |
Summary: 48813 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 27.3%.
Housing Supply in 48813, MI
How many homes are available in 48813, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 87 | -2.2% |
Summary: The 48813 real estate market had 87 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 48813 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48813, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 48813 in October 2024, up by 45.0% month-over-month. Of the 29 sold homes, 34% were sold under asking, 17% were sold at asking, and 48% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +34.4% |
Summary: Homes in 48813 had an average of 30 days on market in Oct 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48813 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 48813; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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