Is 48910, 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, 48910 has remained a Seller's Market.
Housing Prices in 48910, MI
How much do homes in 48910, MI cost?
Median Sold Price
$133,413
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48910 was $133,413 in April 2024, up 9.2% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.9K | $76K | +13.6% |
2 Bedrooms | $91.9K | $108K | +17.5% |
3 Bedrooms | $133.1K | $145K | +8.9% |
4 Bedrooms | $142K | $158.3K | +11.5% |
5+ Bedrooms | $159.5K | $117K | -26.6% |
Summary: 48910 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 11.5%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 154 | +12.4% |
Summary: The 48910 real estate market had 154 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 47 | 57 | +21.3% |
3 Bedrooms | 71 | 73 | +2.8% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 48910 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 51 | +27.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in 48910 in April 2024, up by 27.5% month-over-month. Of the 51 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | -0.4% |
Summary: Homes in 48910 had an average of 29 days on market in Apr 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in 48910; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.