$1,008 Closing Credit*
$84,900
1,680 SqFt
3 Beds
•2 Full Baths
Francine Willingham, Listing Office: Willingham Real Estate
Is 48881, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 48881 was a Seller's Market.
Key Takeaway
48881 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48881, MI
How much do homes in 48881, MI cost?
Median Sold Price
$290,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-4.9%)
Key Takeaway
Homes in 48881 have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in 48881 was $290,000 in October 2024, down 4.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.9K | - | N/A |
| 2 Bedrooms | $187.5K | $185.9K | -0.9% |
| 3 Bedrooms | $282.5K | $330K | +16.8% |
| 4 Bedrooms | $375K | $281K | -25.1% |
| 5+ Bedrooms | $307.5K | $509K | +65.5% |
Summary: 48881 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 decreased by 0.9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes increased by 65.5%.
Housing Supply in 48881, MI
How many homes are available in 48881, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The 48881 real estate market had 14 homes for sale in October 2024, a 17.6% decrease 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 48881 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 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48881, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 48881 in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48881, MI
How long does it take to sell a home in 48881, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 50 Days | +124.7% |
Summary: Homes in 48881 had an average of 50 days on market in Oct 2024, up by 124.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48881 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 48881; 0% of homes were sold within 30 days, 100% 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.