$2,007 Closing Credit*
$169,000
1,050 SqFt
2 Beds
•1 Full Bath
Charles Mahar Jr., Listing Office: Greenridge Realty (Greenvl)
Is 48884, 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, 48884 has remained a Buyer's Market.
Key Takeaway
48884 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48884, MI
How much do homes in 48884, MI cost?
Median Sold Price
$214,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,750(-9.6%)
Key Takeaway
Homes in 48884 have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in 48884 was $214,000 in October 2024, down 9.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $159.9K | +128.4% |
| 2 Bedrooms | $240K | $157K | -34.6% |
| 3 Bedrooms | $224K | $225K | 0.4% |
| 4 Bedrooms | $250K | $262.5K | +5.0% |
| 5+ Bedrooms | $470K | $191K | -59.4% |
Summary: 48884 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.4%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 59.4%.
Median Sold Price Compared To Nearby Zip Codes
| 48834 | $162.5K | $240K | +47.7% |
| 48888 | $197K | $222K | +12.7% |
| 48884 | $236.7K | $214K | -9.6% |
Housing Supply in 48884, MI
How many homes are available in 48884, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Summary: The 48884 real estate market had 12 homes for sale in October 2024, a 100.0% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48884 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 100%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48884, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 48884 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48884, MI
How long does it take to sell a home in 48884, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 60 Days | +46.3% |
Summary: Homes in 48884 had an average of 60 days on market in Oct 2024, up by 46.3% 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 48884 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 48884; 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.
