Is 48065, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 48065 was a Seller's Market.
Housing Prices in 48065, MI
How much do homes in 48065, MI cost?
Median Sold Price
$402,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48065 was $402,500 in March 2024, up 15% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $75K | +25.0% |
2 Bedrooms | $269.9K | $254.5K | -5.7% |
3 Bedrooms | $340K | $391K | +15.0% |
4 Bedrooms | $434K | $476K | +9.7% |
5+ Bedrooms | $385K | $555K | +44.2% |
Summary: 48065 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 44.2%.
Housing Supply in 48065, MI
How many homes are available in 48065, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Summary: The 48065 real estate market had 31 homes for sale in March 2024, a 19.2% 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 | 0 | -100.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48065 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 decreased by 100%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 48065 in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48065, MI
How long does it take to sell a home in 48065, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
1 Days | 12 Days | +733.3% |
Summary: Homes in 48065 had an average of 12 days on market in Mar 2024, up by 733.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 48065; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.