Is 48313, 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, 48313 has remained a Seller's Market.
Housing Prices in 48313, MI
How much do homes in 48313, MI cost?
Median Sold Price
$270,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48313 was $270,500 in April 2024, up 2.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99K | $102K | +3.0% |
2 Bedrooms | $205K | $172.5K | -15.9% |
3 Bedrooms | $263.9K | $285K | +8.0% |
4 Bedrooms | $319.5K | $335K | +4.9% |
5+ Bedrooms | $362.5K | $440K | +21.4% |
Summary: 48313 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in 48313, MI
How many homes are available in 48313, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 61 | +17.3% |
Summary: The 48313 real estate market had 61 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48313 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 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 48313 in April 2024, down by 8.0% month-over-month. Of the 23 sold homes, 30% were sold under asking, 13% were sold at asking, and 57% were sold over asking.
Days on Market for 48313, MI
How long does it take to sell a home in 48313, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
172 Days | 12 Days | -92.5% |
Summary: Homes in 48313 had an average of 12 days on market in Apr 2024, down by 92.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 48313; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.