Is 48732, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 48732 was a Neutral Market.
Key Takeaway
48732 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48732, MI
How much do homes in 48732, MI cost?
Median Sold Price
$136,000
$110/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 48732 have sold for 27.3% less than they did a month ago.
Summary: The median home sold price in 48732 was $136,000 in April 2024, down 27.3% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $49K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $187.1K | $140K | -25.2% |
| 4 Bedrooms | - | $135K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48732 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 25.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 48732, MI
How many homes are available in 48732, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 26 | +44.4% |
Summary: The 48732 real estate market had 26 homes for sale in April 2024, a 44.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48732 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 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48732, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 48732 in April 2024, up by 266.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 48732, MI
How long does it take to sell a home in 48732, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 65 Days | +185.7% |
Summary: Homes in 48732 had an average of 65 days on market in Apr 2024, up by 185.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48732 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 48732; 45% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.