Is 48910, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 48910 has remained a Seller's Market.
Housing Prices in 48910, MI
How much do homes in 48910, MI cost?
Median Sold Price
$130,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 48910 was $130,000 in March 2024, up 7.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63.4K | $60K | -5.4% |
2 Bedrooms | $89.5K | $105.5K | +17.9% |
3 Bedrooms | $132.4K | $141K | +6.4% |
4 Bedrooms | $147.5K | $156.5K | +6.1% |
5+ Bedrooms | $159.5K | $117K | -26.6% |
Summary: 48910 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 26.6%.
Housing Supply in 48910, MI
How many homes are available in 48910, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
117 | 135 | +15.4% |
Summary: The 48910 real estate market had 135 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 37 | 46 | +24.3% |
3 Bedrooms | 63 | 70 | +11.1% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 48910 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 48910 in March 2024, up by 5.7% month-over-month. Of the 37 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for 48910, MI
How long does it take to sell a home in 48910, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 15 Days | -45.2% |
Summary: Homes in 48910 had an average of 15 days on market in Mar 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 48910; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.