Is 48084, 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, 48084 has remained a Seller's Market.
Key Takeaway
48084 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48084, MI
How much do homes in 48084, MI cost?
Median Sold Price
$379,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 48084 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 48084 was $379,000 in March 2024, down 1.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $125K | +6.8% |
| 2 Bedrooms | $279K | $305K | +9.3% |
| 3 Bedrooms | $360K | $360K | 0.0% |
| 4 Bedrooms | $519.5K | $545.5K | +5.0% |
| 5+ Bedrooms | $492K | $557K | +13.2% |
Summary: 48084 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 9.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in 48084, MI
How many homes are available in 48084, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The 48084 real estate market had 25 homes for sale in March 2024, a 38.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 10 | +900.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48084 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 900%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48084, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 48084 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 48084, MI
How long does it take to sell a home in 48084, MI?
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48084 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 48084; 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.
