Is 48383, 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, 48383 has remained a Seller's Market.
Housing Prices in 48383, MI
How much do homes in 48383, MI cost?
Median Sold Price
$432,250
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48383 was $432,250 in April 2024, up 15.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $165K | $192.5K | +16.7% |
3 Bedrooms | $315K | $374.5K | +18.9% |
4 Bedrooms | $423.5K | $485K | +14.5% |
5+ Bedrooms | $500K | - | N/A |
Summary: 48383 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 increased by 16.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes did not change.
Housing Supply in 48383, MI
How many homes are available in 48383, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 35 | +34.6% |
Summary: The 48383 real estate market had 35 homes for sale in April 2024, a 34.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48383 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 48383 in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for 48383, MI
How long does it take to sell a home in 48383, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 6 Days | -27.0% |
Summary: Homes in 48383 had an average of 6 days on market in Apr 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 48383; 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.