Housing Prices in 48871, MI
How much do homes in 48871, MI cost?
Median List Price
$319,000
$164/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 48871 has increased by 24.2% since last year.
Summary: The median home list price in 48871 was $319,000 in March 2024, up 24.2% from the previous year, and the median price per square foot was $164.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $109.9K | $249.9K | +127.4% |
| 3 Bedrooms | $262.8K | $227.4K | -13.5% |
| 4 Bedrooms | $266.5K | $380.2K | +42.7% |
| 5+ Bedrooms | $289.8K | $350K | +20.8% |
Summary: 48871 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 127.4%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes increased by 20.8%.
Median List Price Compared To Nearby Zip Codes
| 48853 | $95K | $157.4K | +65.7% |
| 48856 | $142.5K | $199.9K | +40.3% |
| 48835 | $197.5K | $259.9K | +31.6% |
| 48871 | $256.8K | $319K | +24.2% |
Housing Supply in 48871, MI
How many homes are available in 48871, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Summary: The 48871 real estate market had 3 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 48871 housing inventory by bedroom type for March 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 increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for 48871, MI
How long does it take to sell a home in 48871, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 223 Days | 96 Days | -56.9% |
Summary: Homes in 48871 had an average listing age of 96 days in Mar 2024, down by 56.9% compared to the previous year.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.