Is 48725, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 48725 was a Seller's Market.
Housing Prices in 48725, MI
How much do homes in 48725, MI cost?
Median Sold Price
$272,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48725 was $272,000 in April 2024, up 62.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $289K | +221.1% |
2 Bedrooms | $140K | $172.7K | +23.4% |
3 Bedrooms | $195K | $222.2K | +14.0% |
4 Bedrooms | $344K | $303K | -11.9% |
5+ Bedrooms | $245K | $351K | +43.3% |
Summary: 48725 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.1%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 43.3%.
Median Sold Price Compared To Nearby Zip Codes
48725 | $167K | $272K | +62.9% |
48755 | $342.5K | $179.6K | -47.6% |
Housing Supply in 48725, MI
How many homes are available in 48725, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Summary: The 48725 real estate market had 10 homes for sale in April 2024, a 42.9% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48725 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 48725 in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 48725, MI
How long does it take to sell a home in 48725, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
236 Days | 8 Days | -96.6% |
Summary: Homes in 48725 had an average of 8 days on market in Apr 2024, down by 96.6% 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 April 2024, 1 homes were sold in 48725; 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.