New - 8 hours on Rocket
#20250006693, Andrew F Colburn, Listing Office: The Drew Colburn Real Estate Group
48103 Housing Market Report January 2025•Washtenaw County, Michigan
Housing Prices in 48103, MI
How much do homes in 48103, MI cost?
Housing Market Conditions
Is 48103, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48103 is a Seller's Market
Difference Since January 2024
Since last year, 48103 has remained a Seller's Market.
Insight
48103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$511,666$253/SqFt
+$10,670
+2.1%
Based on all homes sold in the last 12 months
Insight
Homes in 48103 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 48103 was $511,666 in January 2025, up 2.1% from last year, and the median price per square foot was $253.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $172.5K | $171.7K | -0.4% |
| 22 Bedrooms | $335K | $395K | +17.9% |
| 33 Bedrooms | $463.7K | $477.5K | +3.0% |
| 44 Bedrooms | $620K | $618K | -0.3% |
| 55+ Bedrooms | $830K | $865.5K | +4.3% |
Summary: 48103 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.4%. The home price for 2 bedroom homes increased by +17.9%. The home price for 3 bedroom homes increased by +3.0%. The home price for 4 bedroom homes decreased by -0.3%. The home price for 5 bedroom homes increased by +4.3%.
Housing supply in 48103, MI
How many homes are available in 48103, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 124Last MonthJan 2025 | ||
| 1312 months agoDec 2024 | -5.3 % Change MoMDec – Jan |
Summary: The 48103 real estate market had 124 homes for sale in Jan 2025, a 5.3 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 27Last MonthJan 2025 | ||
| 452 months agoDec 2024 | -40.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 1 | -75.0% |
| 22 Bedrooms | 32 | 29 | -9.4% |
| 33 Bedrooms | 54 | 52 | -3.7% |
| 44 Bedrooms | 34 | 35 | +2.9% |
| 55+ Bedrooms | 7 | 7 | 0.0% |
Summary: 48103 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -75.0%. The inventory for 2 bedroom homes decreased by -9.4%. The inventory for 3 bedroom homes decreased by -3.7%. The inventory for 4 bedroom homes increased by +2.9%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 48103, MI cost?
Over Asking Price7 Homes
At Asking Price4 Homes
Under Asking Price16 Homes
Insight
If you're buying a home in 48103, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 48103 in January 2025, down by 40.0% month-over-month. Of the 27 sold homes, 59% were sold under asking, 15% were sold at asking, and and 26% were sold over asking.
Days on Market for 48103, MI
How long does it take to sell a home in 48103, MI?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days8 Homes
Over 90 Days6 Homes
Insight
Many homes in 48103 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 27 homes were sold in 48103; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 53 DaysThis YearJan 2025 | ||
| 40 Days1 year agoJan 2024 | +31.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 48103 had an average listing age of 53 days in Jan 2025, up by 31.4% compared to the previous year.
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 48103, MI
What homes are available in 48103, MI?
New - 2 days on Rocket
$7,944 Closing Credit¹
#20250006733, Nicole Elizabeth Yaeger, Listing Office: EXP Realty
New - 2 days on RocketBackup offers
$10,000 Closing Credit¹
#81025003459, Kristin Mills, Listing Office: Real Estate One
New - 3 days on Rocket
$10,000 Closing Credit¹
#81025003413, Justine Anthony, Reece Dolezsar, Listing Office: The Charles Reinhart Company
New - 3 days on Rocket
$8,609 Closing Credit¹
#81025003306, Stephen Hollowell, Listing Office: Keller Williams Ann Arbor
New - 4 days on Rocket
$5,581 Closing Credit¹
#20250006036, Caron Koteles Riha, Lauren Koteles, Listing Office: Real Estate One-Rochester
New - 4 days on Rocket
$7,066 Closing Credit¹
#81025003169, Stephanie Hale, Listing Office: Howard Hanna Real Estate
New - 4 days on Rocket
$4,156 Closing Credit¹
#81025003145, Anne Sloan, Listing Office: The Charles Reinhart Company
New - 5 days on Rocket
$6,294 Closing Credit¹
#81025003061, Georgia Porikos, Listing Office: Keller Williams Ann Arbor
New - 7 days on Rocket
$9,726 Closing Credit¹
#25002988, Darlene McLane Dresch, Listing Office: Keller Williams Ann Arbor
#20250005491, Andrew F Colburn, Listing Office: The Drew Colburn Real Estate Group
Backup offers
$5,258 Closing Credit¹
#25002902, Kirsten Williams, Listing Office: The Charles Reinhart Company
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., Michigan Regional Information Center LLC, and MiRealSource Inc. DL 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, 3:20:52 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: 2/1/2025, 11:50:54 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: 2/2/2025, 3:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.