Is 48334, 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, 48334 has remained a Seller's Market.
Housing Prices in 48334, MI
How much do homes in 48334, MI cost?
Median Sold Price
$339,750
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48334 was $339,750 in April 2024, up 4.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $119K | +3.5% |
2 Bedrooms | $165K | $177K | +7.3% |
3 Bedrooms | $319.5K | $330K | +3.3% |
4 Bedrooms | $375K | $400K | +6.7% |
5+ Bedrooms | $377.5K | $372K | -1.5% |
Summary: 48334 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 48334, MI
How many homes are available in 48334, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 38 | +15.2% |
Summary: The 48334 real estate market had 38 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 48334 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 48334 in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 48334, MI
How long does it take to sell a home in 48334, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 48334; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.