$2,363 Closing Credit*
$199,000
1,642 SqFt
2 Beds
•1 Full Bath
Brandi Stupica, Listing Office: 43 NORTH REALTY
Is 48889, 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, 48889 was a Neutral Market.
Key Takeaway
48889 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48889, MI
How much do homes in 48889, MI cost?
Median Sold Price
$110,000
$88/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$105,000(-48.8%)
Key Takeaway
Homes in 48889 have sold for 48.8% less than they did a month ago.
Summary: The median home sold price in 48889 was $110,000 in September 2024, down 48.8% from last month, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $215K | $110K | -48.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 48889 housing prices by bedroom type for September 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 48.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48811 | $190.6K | $275K | +44.2% |
| 48889 | $215K | $110K | -48.8% |
| 48856 | $375K | $190K | -49.3% |
Housing Supply in 48889, MI
How many homes are available in 48889, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The 48889 real estate market had 9 homes for sale in September 2024, a 28.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 48889 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 48889, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 48889 in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 48889, MI
How long does it take to sell a home in 48889, MI?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 40 Days | 29 Days | -27.5% |
Summary: Homes in 48889 had an average of 29 days on market in Sep 2024, down by 27.5% compared to last month.
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
Key Takeaway
Many homes in 48889 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in 48889; 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.
