Is 48044, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 48044 has remained a Seller's Market.
Housing Prices in 48044, MI
How much do homes in 48044, MI cost?
Median Sold Price
$390,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48044 was $390,000 in March 2024, down 3.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $236K | -5.6% |
3 Bedrooms | $377K | $362.5K | -3.8% |
4 Bedrooms | $470K | $484.9K | +3.2% |
5+ Bedrooms | $535K | $540K | +0.9% |
Summary: 48044 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 5.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 48044, MI
How many homes are available in 48044, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 76 | +40.7% |
Summary: The 48044 real estate market had 76 homes for sale in March 2024, a 40.7% 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 | 9 | 9 | 0.0% |
3 Bedrooms | 21 | 31 | +47.6% |
4 Bedrooms | 19 | 32 | +68.4% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 48044 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 47.6%, 4 bedroom homes increased by 68.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 28 | +180.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 48044 in March 2024, up by 180.0% month-over-month. Of the 28 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 48044, MI
How long does it take to sell a home in 48044, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
199 Days | 21 Days | -89.3% |
Summary: Homes in 48044 had an average of 21 days on market in Mar 2024, down by 89.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 48044; 89% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.