Housing Prices in 48216, MI
How much do homes in 48216, MI cost?
Median List Price
$354,500
$289/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Summary: The median home list price in 48216 was $354,500 in March 2024, up 1.4% from the previous year, and the median price per square foot was $289.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289K | $291.7K | +1.0% |
2 Bedrooms | $527.3K | $499.9K | -5.2% |
3 Bedrooms | $249.9K | $280K | +12.0% |
4 Bedrooms | $285K | $280K | -1.8% |
5+ Bedrooms | $332K | $167K | -49.7% |
Summary: 48216 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 49.7%.
Housing Supply in 48216, MI
How many homes are available in 48216, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The 48216 real estate market had 16 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 48216 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 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Days on Market for 48216, MI
How long does it take to sell a home in 48216, MI?
Average Listing Age
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
233 Days | 170 Days | -26.8% |
Summary: Homes in 48216 had an average listing age of 170 days in Mar 2024, down by 26.8% compared to the previous year.