48315 Housing Market Report February 2025•Macomb County, Michigan

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Housing Prices in 48315, MI

How much do homes in 48315, MI cost?

Housing Market Conditions

Is 48315, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

48315 is a Seller's Market

Difference Since February 2024

Since last year, 48315 has remained a Seller's Market.

Insight

48315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$382,500$171/SqFt
-$67,500
-15.0%

Based on all homes sold in the last 12 months

Insight

Homes in 48315 have sold for 15% less than they did a year ago.

Summary: The median home sold price in 48315 was $382,500 in February 2025, down 15% from last year, and the median price per square foot was $171.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
48317
+11.3%
48316
+6.7%
48042
+5.7%
48044
+4.4%
48315
-15.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1-$239K
N/A
2$239K$259K
+8.4%
3$445K$420K
-5.6%
4$600.5K$555K
-7.6%
5$661K$592.5K
-10.4%

Summary: 48315 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 increased by +8.4%. The home price for 3 bedroom homes decreased by -5.6%. The home price for 4 bedroom homes decreased by -7.6%. The home price for 5 bedroom homes decreased by -10.4%.

Housing supply in 48315, MI

How many homes are available in 48315, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
66Last MonthFeb 2025
732 months agoJan 2025
-9.6 %
Change MoMJan – Feb

Summary: The 48315 real estate market had 66 homes for sale in Feb 2025, a 9.6 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
18Last MonthFeb 2025
182 months agoJan 2025
0.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
23128
-9.7%
31922
+15.8%
42316
-30.4%
500
0.0%

Summary: 48315 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 decreased by -9.7%. The inventory for 3 bedroom homes increased by +15.8%. The inventory for 4 bedroom homes decreased by -30.4%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 48315, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in 48315, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 48315 in February 2025, the same as the previous month. Of the 18 sold homes, 83% were sold under asking, 11% were sold at asking, and and 6% were sold over asking.

Days on Market for 48315, MI

How long does it take to sell a home in 48315, MI?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days8 Homes

Over 90 Days5 Homes

Insight

Avg time on Rocket Homes in 48315 has remained consistent over time.

Summary: During February 2025, 18 homes were sold in 48315; 28% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
85 DaysThis YearFeb 2025
45 Days1 year agoFeb 2024
+86.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 48315 had an average listing age of 85 days in Feb 2025, up by 86.5% compared to the previous year.

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Newest Listings in 48315, MI

What homes are available in 48315, MI?

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Nearby markets

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Based on information from RealComp II Ltd., and MiRealSource Inc. DL for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/4/2025, 2:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.