$2,126 Closing Credit*
$179,000
2,428 SqFt
3 Beds
•2 Full Baths
Shelley Braxton, Listing Office: Braxton Brokers & Associates Real Estate
Is 48912, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 48912 has remained a Seller's Market.
Key Takeaway
48912 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48912, MI
How much do homes in 48912, MI cost?
Median Sold Price
$133,300
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$18,300(+15.9%)
Key Takeaway
Homes in 48912 have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in 48912 was $133,300 in December 2024, up 15.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $83K | +45.6% |
| 2 Bedrooms | $92K | $108.2K | +17.7% |
| 3 Bedrooms | $125K | $140.9K | +12.8% |
| 4 Bedrooms | $188K | $194K | +3.2% |
| 5+ Bedrooms | $310.5K | $322.4K | +3.8% |
Summary: 48912 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.6%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 48912, MI
How many homes are available in 48912, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 55 | 48 | -12.7% |
Summary: The 48912 real estate market had 48 homes for sale in December 2024, a 12.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 30 | 26 | -13.3% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48912 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48912, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 48912 in December 2024, down by 6.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 48912, MI
How long does it take to sell a home in 48912, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 29 Days | -7.6% |
Summary: Homes in 48912 had an average of 29 days on market in Dec 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48912 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in 48912; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% 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.