$3,978 Closing Credit*
$335,000
2,788 SqFt
4 Beds
•3 Full Baths, 1 Partial
Scott Anthony Atkinson, Listing Office: Impact Real Estate
Is 48871, 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, 48871 has remained a Neutral Market.
Key Takeaway
48871 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 48871, MI
How much do homes in 48871, MI cost?
Median Sold Price
$291,750
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,250(-8.5%)
Key Takeaway
Homes in 48871 have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in 48871 was $291,750 in November 2024, down 8.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.5K | $205K | +18.8% |
| 3 Bedrooms | $272K | $225K | -17.3% |
| 4 Bedrooms | $455K | $329K | -27.7% |
| 5+ Bedrooms | $229.7K | $338.7K | +47.5% |
Summary: 48871 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 27.7%, and 5+ bedroom homes increased by 47.5%.
Median Sold Price Compared To Nearby Zip Codes
| 48835 | $170K | $232.5K | +36.8% |
| 48871 | $319K | $291.7K | -8.5% |
Housing Supply in 48871, MI
How many homes are available in 48871, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 48871 real estate market had 12 homes for sale in November 2024, a 9.1% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48871 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48871, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48871 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48871, MI
How long does it take to sell a home in 48871, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 37 Days | -16.7% |
Summary: Homes in 48871 had an average of 37 days on market in Nov 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48871 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 48871; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.