$50,000
0.50 Acres
Land
Courtney Drew, Listing Office: Bellabay Realty (SW)
Is 48834, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48834 was a Neutral Market.
Key Takeaway
48834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48834, MI
How much do homes in 48834, MI cost?
Median Sold Price
$240,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,500(+47.7%)
Key Takeaway
Homes in 48834 have sold for 47.7% more than they did a year ago.
Summary: The median home sold price in 48834 was $240,000 in October 2024, up 47.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $230K | $190K | -17.4% |
| 3 Bedrooms | $195.5K | $290K | +48.3% |
| 4 Bedrooms | $152.2K | $240K | +57.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 48834 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 48.3%, 4 bedroom homes increased by 57.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48834 | $162.5K | $240K | +47.7% |
| 48865 | $193.7K | $227.9K | +17.7% |
| 48846 | $182K | $207.5K | +14.0% |
| 48884 | $236.7K | $214K | -9.6% |
Housing Supply in 48834, MI
How many homes are available in 48834, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The 48834 real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48834 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48834, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 48834 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 48834, MI
How long does it take to sell a home in 48834, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 60 Days | +2933.3% |
Summary: Homes in 48834 had an average of 60 days on market in Oct 2024, up by 2933.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48834 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 48834; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
