$2,255 Closing Credit*
$189,900
1,396 SqFt
2 Beds
•1 Full Bath
Travis Blaine Conti, Listing Office: RE/MAX Real Estate Professionals
Is 48842, 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, 48842 was a Seller's Market.
Key Takeaway
48842 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 48842, MI
How much do homes in 48842, MI cost?
Median Sold Price
$267,900
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,900(+3.0%)
Key Takeaway
Homes in 48842 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 48842 was $267,900 in October 2024, up 3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | - | N/A |
| 2 Bedrooms | $153.7K | $168.1K | +9.3% |
| 3 Bedrooms | $259.9K | $259.8K | 0% |
| 4 Bedrooms | $310K | $320K | +3.2% |
| 5+ Bedrooms | $349K | $380K | +8.9% |
Summary: 48842 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 increased by 9.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 48842, MI
How many homes are available in 48842, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 56 | -6.7% |
Summary: The 48842 real estate market had 56 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 31 | 25 | -19.4% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 48842 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 8 | -61.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48842, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 48842 in October 2024, down by 61.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 48842, MI
How long does it take to sell a home in 48842, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 7 Days | -51.9% |
Summary: Homes in 48842 had an average of 7 days on market in Oct 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
8 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 48842 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 48842; 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.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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