Housing Prices in 48005, MI
How much do homes in 48005, MI cost?
Median List Price
$348,500
$195/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 48005 has decreased by 1% since last year.
Summary: The median home list price in 48005 was $348,500 in March 2024, down 1% from the previous year, and the median price per square foot was $195.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $239.9K | -12.7% |
| 3 Bedrooms | $325K | $347K | +6.8% |
| 4 Bedrooms | $394.9K | $382.4K | -3.2% |
| 5+ Bedrooms | - | $279.9K | N/A |
Summary: 48005 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes did not change.
Housing Supply in 48005, MI
How many homes are available in 48005, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The 48005 real estate market had 12 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48005 housing inventory by bedroom type for March 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 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Days on Market for 48005, MI
How long does it take to sell a home in 48005, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 67 Days | -35.5% |
Summary: Homes in 48005 had an average listing age of 67 days in Mar 2024, down by 35.5% compared to the previous year.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.