$2,611 Closing Credit*
$219,900
1,990 SqFt
4 Beds
•1 Full Bath, 1 Partial
Amy Jackson, Listing Office: Coldwell Banker Professionals-E.L.
Is 48910, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 48910 has remained a Seller's Market.
Key Takeaway
48910 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48910, MI
How much do homes in 48910, MI cost?
Median Sold Price
$140,800
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,800(+11.7%)
Key Takeaway
Homes in 48910 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 48910 was $140,800 in November 2024, up 11.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $87.5K | +45.8% |
| 2 Bedrooms | $104.9K | $115K | +9.6% |
| 3 Bedrooms | $137.4K | $152.6K | +11.1% |
| 4 Bedrooms | $152.5K | $170K | +11.5% |
| 5+ Bedrooms | $123.5K | $149K | +20.6% |
Summary: 48910 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 20.6%.
Housing Supply in 48910, MI
How many homes are available in 48910, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 167 | 164 | -1.8% |
Summary: The 48910 real estate market had 164 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 52 | 45 | -13.5% |
| 3 Bedrooms | 82 | 87 | +6.1% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48910 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 35 | -25.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48910, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 48910 in November 2024, down by 25.5% month-over-month. Of the 35 sold homes, 34% were sold under asking, 29% were sold at asking, and 37% were sold over asking.
Days on Market for 48910, MI
How long does it take to sell a home in 48910, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -14.1% |
Summary: Homes in 48910 had an average of 22 days on market in Nov 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48910 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in 48910; 69% of homes were sold within 30 days, 31% 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.
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