Is 48739, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 48739 has remained a Seller's Market.
Housing Prices in 48739, MI
How much do homes in 48739, MI cost?
Median Sold Price
$175,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48739 was $175,000 in April 2024, down 7.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | $76.6K | +16.9% |
2 Bedrooms | $192.5K | $149.7K | -22.2% |
3 Bedrooms | $178.5K | $175K | -2.0% |
4 Bedrooms | - | $364K | N/A |
5+ Bedrooms | $189.9K | $220K | +15.9% |
Summary: 48739 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.9%.
Housing Supply in 48739, MI
How many homes are available in 48739, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The 48739 real estate market had 34 homes for sale in April 2024, a 13.3% 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 | 12 | 14 | +16.7% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48739 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 16.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 48739 in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for 48739, MI
How long does it take to sell a home in 48739, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 48739; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.