New - 2 days on Rocket
#50165650, Frank Mancuso III, Listing Office: Real Estate One Inc -SCS
48073 Housing Market Report January 2025•Oakland County, Michigan
Housing Prices in 48073, MI
How much do homes in 48073, MI cost?
Housing Market Conditions
Is 48073, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48073 is a Seller's Market
Difference Since January 2024
Since last year, 48073 has remained a Seller's Market.
Insight
48073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$340,906$206/SqFt
+$17,239
+5.3%
Based on all homes sold in the last 12 months
Insight
Homes in 48073 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 48073 was $340,906 in January 2025, up 5.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $108.5K | $110K | +1.4% |
| 22 Bedrooms | $204.2K | $210K | +2.8% |
| 33 Bedrooms | $338.1K | $350K | +3.5% |
| 44 Bedrooms | $474K | $480K | +1.3% |
| 55+ Bedrooms | $758K | $1.0M | +34.6% |
Summary: 48073 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1.4%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes increased by +3.5%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes increased by +34.6%.
Housing supply in 48073, MI
How many homes are available in 48073, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 107Last MonthJan 2025 | ||
| 1272 months agoDec 2024 | -15.7 % Change MoMDec – Jan |
Summary: The 48073 real estate market had 107 homes for sale in Jan 2025, a 15.7 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 22Last MonthJan 2025 | ||
| 582 months agoDec 2024 | -62.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 12 | 10 | -16.7% |
| 22 Bedrooms | 25 | 26 | +4.0% |
| 33 Bedrooms | 64 | 50 | -21.9% |
| 44 Bedrooms | 21 | 17 | -19.0% |
| 55+ Bedrooms | 5 | 4 | -20.0% |
Summary: 48073 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes increased by +4.0%. The inventory for 3 bedroom homes decreased by -21.9%. The inventory for 4 bedroom homes decreased by -19.0%. The inventory for 5 bedroom homes decreased by -20.0%.
Asking Price vs. Sold Price
How much do homes in 48073, MI cost?
Over Asking Price5 Homes
At Asking Price7 Homes
Under Asking Price10 Homes
Insight
If you're buying a home in 48073, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 48073 in January 2025, down by 62.1% month-over-month. Of the 22 sold homes, 45% were sold under asking, 32% were sold at asking, and and 23% were sold over asking.
Days on Market for 48073, MI
How long does it take to sell a home in 48073, MI?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days4 Homes
Over 90 Days3 Homes
Insight
Many homes in 48073 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 22 homes were sold in 48073; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 44 DaysThis YearJan 2025 | ||
| 41 Days1 year agoJan 2024 | +5.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 48073 had an average listing age of 44 days in Jan 2025, up by 5.7% compared to the previous year.
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Newest Listings in 48073, MI
What homes are available in 48073, MI?
New - 2 days on Rocket
$2,725 Closing Credit¹
#50165644, Frank Mancuso III, Listing Office: Real Estate One Inc -SCS
New - 3 days on Rocket
$2,551 Closing Credit¹
#20250006335, Susan V Carter, Listing Office: Sine & Monaghan, LLC
New - 3 days on Rocket
$3,206 Closing Credit¹
#20250006237, Dana Cooper, Laurie Koblin Glass, Listing Office: Max Broock, REALTORS®-Birmingham
New - 4 days on Rocket
$3,907 Closing Credit¹
#20250005562, Rimi Hirmiz, Listing Office: Community Choice Realty Inc
Coming soon
$10,000 Closing Credit¹
#20250005407, Nancy R Robinson, Caren M Goldstone, Listing Office: Century 21 Curran & Oberski
New - 5 days on Rocket
$3,978 Closing Credit¹
#20250004913, Jim Shaffer, Listing Office: Good Company
New - 5 days on RocketBackup offers
$4,513 Closing Credit¹
#20250004447, Julie Heidt, Listing Office: KW Metro
$2,078 Closing Credit¹
#20250005260, Thomas Hutt, Listing Office: RE/MAX Classic
$4,691 Closing Credit¹
#20250005313, Christine Lynn, Listing Office: The Agency Hall & Hunter
Backup offers
$1,104 Closing Credit¹
#20250005144, Jamal Dickow Jr, Listing Office: DOBI Real Estate
Backup offers
$4,630 Closing Credit¹
#20250004486, Jolene L Jacobs, Listing Office: Good Company
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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 02/01/2023 - 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: 2/2/2025, 5:20:56 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: 2/2/2025, 5:21:05 PM 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: 2/2/2025, 5:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.