Is 48067, 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, 48067 has remained a Seller's Market.
Housing Prices in 48067, MI
How much do homes in 48067, MI cost?
Median Sold Price
$355,675
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48067 was $355,675 in March 2024, up 7.8% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $337.4K | 0% |
2 Bedrooms | $299.3K | $288.5K | -3.6% |
3 Bedrooms | $327K | $350.7K | +7.3% |
4 Bedrooms | $497.5K | $479.9K | -3.5% |
5+ Bedrooms | $575K | $465K | -19.1% |
Summary: 48067 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 3.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Zip Codes
48069 | $420K | $500K | +19.0% |
48070 | $429.9K | $474.9K | +10.5% |
48067 | $330K | $355.6K | +7.8% |
48072 | $300K | $319.5K | +6.5% |
Housing Supply in 48067, MI
How many homes are available in 48067, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 105 | +15.4% |
Summary: The 48067 real estate market had 105 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 22 | 31 | +40.9% |
3 Bedrooms | 48 | 51 | +6.3% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 48067 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 38 | +72.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 48067 in March 2024, up by 72.7% month-over-month. Of the 38 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% were sold over asking.
Days on Market for 48067, MI
How long does it take to sell a home in 48067, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
120 Days | 36 Days | -69.4% |
Summary: Homes in 48067 had an average of 36 days on market in Mar 2024, down by 69.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 48067; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.