$1,651 Closing Credit*
$139,000
1,646 SqFt
2 Beds
•1 Full Bath
Micah Kemler, Listing Office: 43 NORTH REALTY
Is 48880, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 48880 was a Buyer'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
$143,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+8.3%)
Key Takeaway
Homes in 48880 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 48880 was $143,000 in November 2024, up 8.3% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $81.2K | +16.1% |
| 2 Bedrooms | $105K | $115K | +9.5% |
| 3 Bedrooms | $162K | $150.2K | -7.3% |
| 4 Bedrooms | $160.2K | $200K | +24.8% |
| 5+ Bedrooms | $334.9K | $365K | +9.0% |
Summary: 48880 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 24.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The 48880 real estate market had 32 homes for sale in November 2024, a 3.2% 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48880 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48880, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 48880 in November 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 31 Days | -45.1% |
Summary: Homes in 48880 had an average of 31 days on market in Nov 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48880 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 48880; 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.
