Coming soon
$4,382 Closing Credit¹
#20250013398, Linda K Rea, Paula R Johnston, Listing Office: Real Estate One-Rochester
48042 Housing Market Report February 2025•Macomb County, Michigan
Housing Prices in 48042, MI
How much do homes in 48042, MI cost?
Housing Market Conditions
Is 48042, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48042 is a Neutral Market
Difference Since February 2024
Since last year, 48042 has remained a Neutral Market.
Insight
48042 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$464,966$194/SqFt
+$24,966
+5.7%
Based on all homes sold in the last 12 months
Insight
Homes in 48042 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 48042 was $464,966 in February 2025, up 5.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $312.5K | $310K | -0.8% |
| 33 Bedrooms | $416K | $430K | +3.4% |
| 44 Bedrooms | $510K | $546K | +7.1% |
| 55+ Bedrooms | $610.7K | $525K | -14.0% |
Summary: 48042 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -0.8%. The home price for 3 bedroom homes increased by +3.4%. The home price for 4 bedroom homes increased by +7.1%. The home price for 5 bedroom homes decreased by -14.0%.
Housing supply in 48042, MI
How many homes are available in 48042, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 123Last MonthFeb 2025 | ||
| 1232 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Summary: The 48042 real estate market had 123 homes for sale in Feb 2025, the same as Jan 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthFeb 2025 | ||
| 202 months agoJan 2025 | -10.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 19 | 20 | +5.3% |
| 33 Bedrooms | 37 | 38 | +2.7% |
| 44 Bedrooms | 61 | 60 | -1.6% |
| 55+ Bedrooms | 6 | 5 | -16.7% |
Summary: 48042 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +5.3%. The inventory for 3 bedroom homes increased by +2.7%. The inventory for 4 bedroom homes decreased by -1.6%. The inventory for 5 bedroom homes decreased by -16.7%.
Asking Price vs. Sold Price
How much do homes in 48042, MI cost?
Over Asking Price5 Homes
At Asking Price7 Homes
Under Asking Price6 Homes
Insight
If you're buying a home in 48042, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 48042 in February 2025, down by 10.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 39% were sold at asking, and and 28% were sold over asking.
Days on Market for 48042, MI
How long does it take to sell a home in 48042, MI?
Breakdown of Home Sale Times
Under 30 Days11 Homes
30 – 90 Days4 Homes
Over 90 Days3 Homes
Insight
Many homes in 48042 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 18 homes were sold in 48042; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 37 DaysThis YearFeb 2025 | ||
| 62 Days1 year agoFeb 2024 | -40.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 48042 had an average listing age of 37 days in Feb 2025, down by 40.3% compared to the previous year.
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Newest Listings in 48042, MI
What homes are available in 48042, MI?
New - 1 day on Rocket
$4,749 Closing Credit¹
#20250013425, Andera Hermz, Listing Office: Community Choice Realty Inc
New - 2 days on Rocket
$8,491 Closing Credit¹
#20250013364, John Graham, Jim Shaffer, Listing Office: John Graham Realty, LLC, Good Company
New - 2 days on Rocket
#20250013297, Nancy Dlugokenski, Jeffrey G Gates Sr, Listing Office: House Want Realty
New - 3 days on Rocket
$3,088 Closing Credit¹
#20250010759, Ryan Milo, Listing Office: EXP Realty - Shelby
New - 3 days on Rocket
$4,382 Closing Credit¹
#20250011267, Erick Monzo, Michael Biondo, Listing Office: Keller Williams Realty-Great Lakes
New - 4 days on Rocket
$3,859 Closing Credit¹
#20250013018, Robert Taylor, Listing Office: EXP Realty Main
New - 4 days on Rocket
$3,978 Closing Credit¹
#50167495, Richard D. Hovarter, Listing Office: Keller Williams Realty Lakeside
New - 4 days on Rocket
$6,650 Closing Credit¹
#20250012795, Melissa Lockett, Listing Office: RE/MAX Leading Edge
New - 4 days on Rocket
$8,311 Closing Credit¹
#20250012964, Ron Trombetti, Listing Office: Keller Williams Lakeside
New - 4 days on Rocket
$8,014 Closing Credit¹
#20250012495, Tina M Vitale, Joanna Accetta, Listing Office: Leone Realty Inc
New - 5 days on Rocket
$2,968 Closing Credit¹
#50165084, Florence Sears, Listing Office: Sears Management Group
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., MiRealSource Inc. DL, and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.