Is 48453, 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, 48453 was a Seller's Market.
Housing Prices in 48453, MI
How much do homes in 48453, MI cost?
Median Sold Price
$161,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48453 was $161,500 in March 2024, down 0.6% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $185K | +68.2% |
2 Bedrooms | $146.2K | $100.4K | -31.3% |
3 Bedrooms | $180K | $165K | -8.3% |
4 Bedrooms | $135K | $235K | +74.1% |
5+ Bedrooms | $145K | $155K | +6.9% |
Summary: 48453 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.2%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 74.1%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Zip Codes
48416 | $174K | $311K | +78.7% |
48453 | $162.5K | $161.5K | -0.6% |
Housing Supply in 48453, MI
How many homes are available in 48453, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The 48453 real estate market had 11 homes for sale in March 2024, the same as 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 | 4 | +33.3% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48453 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 increased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 48453 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48453, MI
How long does it take to sell a home in 48453, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
179 Days | 15 Days | -91.6% |
Summary: Homes in 48453 had an average of 15 days on market in Mar 2024, down by 91.6% compared to last year.
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 48453; 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.