New - 1 day on Rocket
$3,918 Closing Credit¹
#50166111, Garry Chaney, Listing Office: Berkshire Hathaway HomeServices Kee Realty NB
48062 Housing Market Report January 2025•Macomb County, Michigan
Housing Prices in 48062, MI
How much do homes in 48062, MI cost?
Housing Market Conditions
Is 48062, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48062 is a Seller's Market
Difference Since December 2024
Last month, 48062 has remained a Seller's Market.
Insight
48062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$303,750$181/SqFt
-$20,750
-6.4%
Based on all homes sold in January 2025
Insight
Homes in 48062 have sold for 6.4% less than they did a month ago.
Summary: The median home sold price in 48062 was $303,750 in January 2025, down 6.4% from last month, and the median price per square foot was $181.
Median Sold Price By City
| City | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 48062 | $324.5K | $303.7K | -6.4% |
| 48041 | $405.1K | $278.7K | -31.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $217K | $242.2K | +11.6% |
| 33 Bedrooms | $348K | $269.9K | -22.4% |
| 44 Bedrooms | $309K | $340K | +10.0% |
| 55+ Bedrooms | - | - | N/A |
Summary: 48062 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +11.6%. The home price for 3 bedroom homes decreased by -22.4%. The home price for 4 bedroom homes increased by +10.0%. The home price for 5 bedroom homes did not change.
Housing supply in 48062, MI
How many homes are available in 48062, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 43Last MonthJan 2025 | ||
| 392 months agoDec 2024 | +10.3 % Change MoMDec – Jan |
Summary: The 48062 real estate market had 43 homes for sale in Jan 2025, a 10.3 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthJan 2025 | ||
| 102 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 6 | +20.0% |
| 33 Bedrooms | 20 | 23 | +15.0% |
| 44 Bedrooms | 12 | 12 | 0.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: 48062 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes increased by +15.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 48062, MI cost?
Over Asking Price5 Homes
At Asking Price3 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in 48062, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 48062 in January 2025, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and and 50% were sold over asking.
Days on Market for 48062, MI
How long does it take to sell a home in 48062, MI?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days4 Homes
Over 90 Days2 Homes
Insight
Many homes in 48062 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 10 homes were sold in 48062; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 81 DaysLast MonthJan 2025 | ||
| 34 Days1 month agoDec 2024 | +135.3 % Change MoMDec – Jan |
Summary: Homes in 48062 had an average listing age of 81 days in Jan 2025, up by 135.3% compared to the previous month.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 48062, MI
What homes are available in 48062, MI?
New - 2 days on Rocket
#50166035, Nicholas Ottoy, Listing Office: Northern Lights Realty Group LLC
New - 5 days on Rocket
$4,394 Closing Credit¹
#20250005222, Michael S Young, Listing Office: H W Realty
$4,334 Closing Credit¹
#50165340, Robert Scalici, Listing Office: Re/Max First
$4,155 Closing Credit¹
#20250004990, Yvonne M Zielinski, Listing Office: RE/MAX First
$2,374 Closing Credit¹
#50164943, Rosalie Iwig, Listing Office: Realty Executives Home Towne Shelby
$2,433 Closing Credit¹
#20250003420, Jason Floare, Listing Office: Top Agent Realty
$5,878 Closing Credit¹
#50164909, Susan M. Foster, Listing Office: Coldwell Banker Professionals
$6,174 Closing Credit¹
#20250003425, Ron Trombetti, Listing Office: Keller Williams Lakeside
$2,838 Closing Credit¹
#20250003061, Paul Linville, Listing Office: Berkshire Hathaway HomeServices Kee Realty SCS
$3,087 Closing Credit¹
#50164304, Joan Schinderle-King, Listing Office: Realty Executives Home Towne Chesterfield
$6,174 Closing Credit¹
#20250001654, Adriana Sarti, Listing Office: Realty Executives Home Towne
Nearby markets
Popular Cities with Homes for Sale in Michigan
- Homes for sale in Canton, MI
- Homes for sale in Grand Rapids, MI
- Homes for sale in Troy, MI
- Homes for sale in Warren, MI
- Homes for sale in Jackson, MI
- Homes for sale in Livonia, MI
- Homes for sale in Lansing, MI
- Homes for sale in Ann Arbor, MI
- Homes for sale in Royal Oak, MI
- Homes for sale in Macomb, MI
- Homes for sale in Kalamazoo, MI
- Homes for sale in Sterling Heights, MI
- Homes for sale in Battle Creek, MI
- Homes for sale in Flint, MI
- Homes for sale in Dearborn, MI
- Homes for sale in Waterford, MI
- Homes for sale in West Bloomfield, MI
- Homes for sale in Detroit, MI
- Homes for sale in Farmington Hills, MI
- Homes for sale in Rochester Hills, MI
- Homes for sale in Clarkston, MI
MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., MiRealSource Inc. DL, and Water Wonderland MLS Inc. for the period 12/01/2024 - 02/01/2025
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: 2/7/2025, 10:20:54 PM 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: 2/7/2025, 10:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.