Is 48145, 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, 48145 was a Buyer's Market.
Housing Prices in 48145, MI
How much do homes in 48145, MI cost?
Median Sold Price
$265,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48145 was $265,000 in March 2024, up 44.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $112K | N/A |
2 Bedrooms | $144.2K | $181K | +25.5% |
3 Bedrooms | $184K | $238K | +29.3% |
4 Bedrooms | $215.2K | $305K | +41.7% |
5+ Bedrooms | $253K | $330K | +30.4% |
Summary: 48145 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 25.5%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Zip Codes
48145 | $183K | $265K | +44.8% |
48140 | $228K | $256.1K | +12.3% |
48161 | $178K | $194.3K | +9.2% |
48133 | $191.2K | $205K | +7.2% |
48157 | $160K | $162.5K | +1.6% |
Housing Supply in 48145, MI
How many homes are available in 48145, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The 48145 real estate market had 4 homes for sale in March 2024, a 20.0% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 48145 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 decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 48145 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48145, MI
How long does it take to sell a home in 48145, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in 48145; 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.