Is 48650, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 48650 has remained a Seller's Market.
Housing Prices in 48650, MI
How much do homes in 48650, MI cost?
Median Sold Price
$156,000
$125/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 48650 was $156,000 in April 2024, up 24.8% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $87.5K | - | N/A |
3 Bedrooms | $125K | $117.4K | -6.0% |
4 Bedrooms | $154K | $156K | +1.3% |
5+ Bedrooms | - | - | N/A |
Summary: 48650 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
48634 | $245K | $430.5K | +75.7% |
48650 | $125K | $156K | +24.8% |
48658 | $217.5K | $73.5K | -66.2% |
Housing Supply in 48650, MI
How many homes are available in 48650, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Summary: The 48650 real estate market had 8 homes for sale in April 2024, a 20.0% decrease 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 | 2 | 0 | -100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48650 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 48650 in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 48650, MI
How long does it take to sell a home in 48650, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 13 Days | +143.8% |
Summary: Homes in 48650 had an average of 13 days on market in Apr 2024, up by 143.8% compared to last month.
Breakdown of Home Sale Times
2 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, 3 homes were sold in 48650; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.