New - 11 hours on Rocket
$2,553 Closing Credit¹
Shawnta Agnew, Listing Office: EXP Realty Main
48186 Housing Market Report December 2024•Wayne County, Michigan
Housing Prices in 48186, MI
How much do homes in 48186, MI cost?
Housing Market Conditions
Is 48186, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48186 is a Seller's Market
Difference Since December 2023
Since last year, 48186 has remained a Seller's Market.
Insight
48186 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$200,400$138/SqFt
+$20,600
+11.5%
Based on all homes sold in the last 12 months
Insight
Homes in 48186 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 48186 was $200,400 in December 2024, up 11.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $106K | N/A |
| 22 Bedrooms | $110K | $111.5K | +1.4% |
| 33 Bedrooms | $182.9K | $205K | +12.1% |
| 44 Bedrooms | $224.5K | $260K | +15.8% |
| 55+ Bedrooms | $200K | $205K | +2.5% |
Summary: 48186 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.4%. The home price for 3 bedroom homes increased by +12.1%. The home price for 4 bedroom homes increased by +15.8%. The home price for 5 bedroom homes increased by +2.5%.
Housing supply in 48186, MI
How many homes are available in 48186, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 78Last MonthDec 2024 | ||
| 862 months agoNov 2024 | -9.3 % Change MoMNov – Dec |
Summary: The 48186 real estate market had 78 homes for sale in Dec 2024, a 9.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 20Last MonthDec 2024 | ||
| 252 months agoNov 2024 | -20.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 13 | 12 | -7.7% |
| 33 Bedrooms | 63 | 53 | -15.9% |
| 44 Bedrooms | 8 | 11 | +37.5% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: 48186 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -7.7%. The inventory for 3 bedroom homes decreased by -15.9%. The inventory for 4 bedroom homes increased by +37.5%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 48186, MI cost?
Over Asking Price10 Homes
At Asking Price2 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in 48186, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 48186 in December 2024, down by 20.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 10% were sold at asking, and and 50% were sold over asking.
Days on Market for 48186, MI
How long does it take to sell a home in 48186, MI?
Breakdown of Home Sale Times
Under 30 Days14 Homes
30 – 90 Days4 Homes
Over 90 Days2 Homes
Insight
Many homes in 48186 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 20 homes were sold in 48186; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 25 DaysThis YearDec 2024 | ||
| 33 Days1 year agoDec 2023 | -23.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 48186 had an average listing age of 25 days in Dec 2024, down by 23.1% compared to the previous year.
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Newest Listings in 48186, MI
What homes are available in 48186, MI?
New - 1 day on Rocket
$3,859 Closing Credit¹
JoAnn Johnson, Listing Office: Real Estate One-Southfield
New - 3 days on Rocket
$2,316 Closing Credit¹
Gerald Weaver, Listing Office: eXp Realty, LLC
New - 4 days on Rocket
Jim Shaffer, Listing Office: Good Company
New - 5 days on Rocket
$1,068 Closing Credit¹
Melanie L Kitchen, Listing Office: Preferred, Realtors® Ltd
New - 6 days on RocketBackup offers
$2,493 Closing Credit¹
Stacy M Ramsay, Listing Office: RE/MAX Leading Edge
New - 6 days on Rocket
$2,672 Closing Credit¹
Michael V Tripoli, Brittany Thomas, Listing Office: Opul Realty
New - 6 days on Rocket
$1,661 Closing Credit¹
Mike Nehme, Listing Office: Keller Williams Legacy
$5,343 Closing Credit¹
Gregory Paffel, Listing Office: National Realty Centers, Inc
Samar Taha, Listing Office: Sonic Realty LLC
$1,187 Closing Credit¹
Janis Chiapparo, Listing Office: II Elite Real Estate Services
$2,613 Closing Credit¹
Hillary Stone, Listing Office: RE/MAX Cornerstone
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., for the period 01/01/2023 - 01/01/2025
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: 1/26/2025, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.