$3,205 Closing Credit*
$269,900
2,400 SqFt
4 Beds
•2 Full Baths
Travis C Scott, Listing Office: EXP Realty
Is 48880, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48880 has remained a Seller's Market.
Key Takeaway
48880 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48880, MI
How much do homes in 48880, MI cost?
Median Sold Price
$150,250
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,250(+14.7%)
Key Takeaway
Homes in 48880 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 48880 was $150,250 in October 2024, up 14.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $81.2K | N/A |
| 2 Bedrooms | $104K | $115K | +10.6% |
| 3 Bedrooms | $125K | $154.9K | +23.9% |
| 4 Bedrooms | $132K | $197.5K | +49.6% |
| 5+ Bedrooms | $334.9K | $365K | +9.0% |
Summary: 48880 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 10.6%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 49.6%, and 5+ bedroom homes increased by 9%.
Housing Supply in 48880, MI
How many homes are available in 48880, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The 48880 real estate market had 29 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48880 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48880, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 48880 in October 2024, up by 50.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 48880, MI
How long does it take to sell a home in 48880, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 53 Days | +19.4% |
Summary: Homes in 48880 had an average of 53 days on market in Oct 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48880 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 48880; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% 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.