$3,858 Closing Credit*
$324,900
1,701 SqFt
3 Beds
•1 Full Bath
Tyler C Jackson, Listing Office: Five Star Real Estate (Main)
Is 48860, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 48860 has remained a Seller's Market.
Key Takeaway
48860 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48860, MI
How much do homes in 48860, MI cost?
Median Sold Price
$220,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,000(+1.4%)
Key Takeaway
Homes in 48860 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 48860 was $220,000 in December 2024, up 1.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $30.7K | $158.4K | +414.8% |
| 3 Bedrooms | $165.5K | $205K | +23.9% |
| 4 Bedrooms | $289.9K | $259.9K | -10.3% |
| 5+ Bedrooms | $287K | $225K | -21.6% |
Summary: 48860 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 414.8%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Zip Codes
| 48846 | $183K | $211.4K | +15.5% |
| 48860 | $217K | $220K | +1.4% |
| 48851 | $180K | $172K | -4.4% |
Housing Supply in 48860, MI
How many homes are available in 48860, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The 48860 real estate market had 5 homes for sale in December 2024, a 25.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48860 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48860, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48860 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 48860, MI
How long does it take to sell a home in 48860, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 87 Days | +278.3% |
Summary: Homes in 48860 had an average of 87 days on market in Dec 2024, up by 278.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 48860 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 48860; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
