Housing Prices in 48740, MI
How much do homes in 48740, MI cost?
Median List Price
$189,450
$109/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in 48740 has increased by 5.5% since last year.
Summary: The median home list price in 48740 was $189,450 in April 2024, up 5.5% from the previous year, and the median price per square foot was $109.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.9K | $169.5K | +157.2% |
| 2 Bedrooms | $153.4K | $157.9K | +2.9% |
| 3 Bedrooms | $225K | $229.9K | +2.2% |
| 4 Bedrooms | $717.4K | $184.9K | -74.2% |
| 5+ Bedrooms | - | $600K | N/A |
Summary: 48740 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 157.2%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 74.2%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Zip Codes
| 48738 | $142.4K | $199.9K | +40.4% |
| 48742 | $154.9K | $164.9K | +6.5% |
| 48740 | $179.5K | $189.4K | +5.5% |
| 48745 | $199.9K | $174.6K | -12.6% |
| 48721 | $429.4K | $257.4K | -40.1% |
Housing Supply in 48740, MI
How many homes are available in 48740, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The 48740 real estate market had 12 homes for sale in April 2024, a 50.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48740 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for 48740, MI
How long does it take to sell a home in 48740, MI?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 444 Days | 287 Days | -35.3% |
Summary: Homes in 48740 had an average listing age of 287 days in Apr 2024, down by 35.3% compared to the previous year.
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