$1,959 Closing Credit*
$165,000
1,456 SqFt
3 Beds
•1 Full Bath
Jessica Hillyer, Listing Office: Coldwell Banker Professionals-West
Is 48846, 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, 48846 has remained a Seller's Market.
Key Takeaway
48846 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48846, MI
How much do homes in 48846, MI cost?
Median Sold Price
$205,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+10.8%)
Key Takeaway
Homes in 48846 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 48846 was $205,000 in November 2024, up 10.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $135K | +92.9% |
| 2 Bedrooms | $145K | $160.6K | +10.8% |
| 3 Bedrooms | $180K | $210K | +16.7% |
| 4 Bedrooms | $245K | $230K | -6.1% |
| 5+ Bedrooms | $169K | $350K | +107.1% |
Summary: 48846 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.9%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 107.1%.
Median Sold Price Compared To Nearby Zip Codes
| 48846 | $185K | $205K | +10.8% |
| 48851 | $180K | $174.4K | -3.1% |
| 48881 | $310K | $281K | -9.4% |
Housing Supply in 48846, MI
How many homes are available in 48846, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 52 | -14.8% |
Summary: The 48846 real estate market had 52 homes for sale in November 2024, a 14.8% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 31 | 22 | -29.0% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 48846 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 increased by 12.5%, 3 bedroom homes decreased by 29%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48846, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 48846 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for 48846, MI
How long does it take to sell a home in 48846, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 39 Days | +90.4% |
Summary: Homes in 48846 had an average of 39 days on market in Nov 2024, up by 90.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48846 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 48846; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.