Is 48044, 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, 48044 has remained a Seller's Market.
Housing Prices in 48044, MI
How much do homes in 48044, MI cost?
Median Sold Price
$387,250
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48044 was $387,250 in April 2024, down 3.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $230K | -8.0% |
3 Bedrooms | $375K | $365K | -2.7% |
4 Bedrooms | $470K | $485K | +3.2% |
5+ Bedrooms | $537.5K | $530K | -1.4% |
Summary: 48044 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 48044, MI
How many homes are available in 48044, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 85 | +23.2% |
Summary: The 48044 real estate market had 85 homes for sale in April 2024, a 23.2% 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 | 9 | 12 | +33.3% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 27 | 40 | +48.1% |
5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 48044 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 25 | +19.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 48044 in April 2024, up by 19.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 16% were sold at asking, and 60% were sold over asking.
Days on Market for 48044, MI
How long does it take to sell a home in 48044, MI?
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in 48044; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.