Is 48335, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 48335 has remained a Seller's Market.
Housing Prices in 48335, MI
How much do homes in 48335, MI cost?
Median Sold Price
$395,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48335 was $395,000 in April 2024, up 1.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59.6K | - | N/A |
2 Bedrooms | $310K | $299K | -3.5% |
3 Bedrooms | $350K | $365K | +4.3% |
4 Bedrooms | $430K | $465K | +8.1% |
5+ Bedrooms | $510K | $430K | -15.7% |
Summary: 48335 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 15.7%.
Housing Supply in 48335, MI
How many homes are available in 48335, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 34 | +112.5% |
Summary: The 48335 real estate market had 34 homes for sale in April 2024, a 112.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 5 | 13 | +160.0% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48335 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 160%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 48335 in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for 48335, MI
How long does it take to sell a home in 48335, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
185 Days | 14 Days | -92.3% |
Summary: Homes in 48335 had an average of 14 days on market in Apr 2024, down by 92.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 48335; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.