Is 48082, 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, 48082 has remained a Seller's Market.
Housing Prices in 48082, MI
How much do homes in 48082, MI cost?
Median Sold Price
$216,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48082 was $216,000 in March 2024, up 4.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.7K | - | N/A |
2 Bedrooms | $156K | $170K | +9.0% |
3 Bedrooms | $215K | $227K | +5.6% |
4 Bedrooms | $243.5K | $270K | +10.9% |
5+ Bedrooms | $260K | $339K | +30.4% |
Summary: 48082 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 increased by 9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 30.4%.
Housing Supply in 48082, MI
How many homes are available in 48082, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 52 | +36.8% |
Summary: The 48082 real estate market had 52 homes for sale in March 2024, a 36.8% 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 | 8 | 11 | +37.5% |
3 Bedrooms | 25 | 37 | +48.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 48082 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 increased by 37.5%, 3 bedroom homes increased by 48%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 48082 in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for 48082, MI
How long does it take to sell a home in 48082, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 18 Days | +9.2% |
Summary: Homes in 48082 had an average of 18 days on market in Mar 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 48082; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.