Housing Prices in 48721, MI
How much do homes in 48721, MI cost?
Median List Price
$257,450
$144/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in 48721 has decreased by 40.1% since last year.
Summary: The median home list price in 48721 was $257,450 in April 2024, down 40.1% from the previous year, and the median price per square foot was $144.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.9K | $367.4K | +53.2% |
| 3 Bedrooms | $472.5K | $142.4K | -69.9% |
| 4 Bedrooms | $664.5K | $579K | -12.9% |
| 5+ Bedrooms | - | $715K | N/A |
Summary: 48721 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 53.2%, 3 bedroom homes decreased by 69.9%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Zip Codes
| 48742 | $154.9K | $164.9K | +6.5% |
| 48740 | $179.5K | $189.4K | +5.5% |
| 49766 | $150K | $150K | 0.0% |
| 48762 | $140K | $140K | 0.0% |
| 48721 | $429.4K | $257.4K | -40.1% |
Housing Supply in 48721, MI
How many homes are available in 48721, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Summary: The 48721 real estate market had 2 homes for sale in April 2024, a 100.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 48721 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Days on Market for 48721, MI
How long does it take to sell a home in 48721, MI?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 197 Days | +133.4% |
Summary: Homes in 48721 had an average listing age of 197 days in Apr 2024, up by 133.4% compared to the previous year.
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