$8,016 Closing Credit*
$675,000
3,388 SqFt
8 Beds
•3 Full Baths
Darrell DeWard, Listing Office: Icon Realty Group LLC
Is 48815, 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, 48815 has remained a Seller's Market.
Key Takeaway
48815 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48815, MI
How much do homes in 48815, MI cost?
Median Sold Price
$265,000
$199/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$25,000(-8.6%)
Key Takeaway
Homes in 48815 have sold for 8.6% less than they did a month ago.
Summary: The median home sold price in 48815 was $265,000 in November 2024, down 8.6% from last month, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $257.5K | N/A |
| 3 Bedrooms | $282.5K | - | N/A |
| 4 Bedrooms | $435K | $275K | -36.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48815 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48815 | $290K | $265K | -8.6% |
| 48849 | $269.5K | $172K | -36.2% |
Housing Supply in 48815, MI
How many homes are available in 48815, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Summary: The 48815 real estate market had 4 homes for sale in November 2024, a 60.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 0 | -100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48815 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 33.3%, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48815, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 48815 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 48815, MI
How long does it take to sell a home in 48815, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 10 Days | -42.5% |
Summary: Homes in 48815 had an average of 10 days on market in Nov 2024, down by 42.5% compared to last month.
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 48815 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 48815; 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.