$90,000
14.80 Acres
Land
Bryce Updegraff, Listing Office: PRAEDIUM REALTY ROBIN STRESSMAN & ASSOCIATES
Is 48877, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 48877 was a Buyer's Market.
Key Takeaway
48877 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48877, MI
How much do homes in 48877, MI cost?
Median Sold Price
$122,450
$77/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$420,550(-77.4%)
Key Takeaway
Homes in 48877 have sold for 77.4% less than they did a month ago.
Summary: The median home sold price in 48877 was $122,450 in December 2024, down 77.4% from last month, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $543K | $122.4K | -77.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48877 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 77.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48889 | $76K | $145K | +90.8% |
| 48891 | $180K | $232.5K | +29.2% |
| 48877 | $543K | $122.4K | -77.4% |
Housing Supply in 48877, MI
How many homes are available in 48877, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The 48877 real estate market had 6 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48877 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48877, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 48877 in December 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 48877, MI
How long does it take to sell a home in 48877, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 361 Days | 78 Days | -78.3% |
Summary: Homes in 48877 had an average of 78 days on market in Dec 2024, down by 78.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48877 has remained consistent over time.
Summary: During December 2024, 4 homes were sold in 48877; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
