Housing Prices in 48208, MI
How much do homes in 48208, MI cost?
Median List Price
$280,000
$191/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 48208 has increased by 7.7% since last year.
Summary: The median home list price in 48208 was $280,000 in March 2024, up 7.7% from the previous year, and the median price per square foot was $191.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $275K | +37.6% |
| 2 Bedrooms | $334.5K | $380.6K | +13.8% |
| 3 Bedrooms | $350K | $284.9K | -18.6% |
| 4 Bedrooms | $224.9K | $199.9K | -11.1% |
| 5+ Bedrooms | $200K | $225K | +12.5% |
Summary: 48208 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in 48208, MI
How many homes are available in 48208, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The 48208 real estate market had 36 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 48208 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 33.3%.
Days on Market for 48208, MI
How long does it take to sell a home in 48208, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 169 Days | 132 Days | -22.1% |
Summary: Homes in 48208 had an average listing age of 132 days in Mar 2024, down by 22.1% compared to the previous year.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.