New - 23 hours on RocketVideo tour
$10,000 Closing Credit¹
Renee Lossia Acho, Carrie Clement, Listing Office: KW Domain
48348 Housing Market Report December 2024•Oakland County, Michigan
Housing Prices in 48348, MI
How much do homes in 48348, MI cost?
Housing Market Conditions
Is 48348, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48348 is a Seller's Market
Difference Since December 2023
Since last year, 48348 has remained a Seller's Market.
Insight
48348 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$500,000$169/SqFt
+$15,000
+3.1%
Based on all homes sold in the last 12 months
Insight
Homes in 48348 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 48348 was $500,000 in December 2024, up 3.1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $290K | N/A |
| 22 Bedrooms | $235K | $445K | +89.4% |
| 33 Bedrooms | $385.9K | $408.5K | +5.9% |
| 44 Bedrooms | $600K | $542.5K | -9.6% |
| 55+ Bedrooms | $604K | $736.9K | +22.0% |
Summary: 48348 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 +89.4%. The home price for 3 bedroom homes increased by +5.9%. The home price for 4 bedroom homes decreased by -9.6%. The home price for 5 bedroom homes increased by +22.0%.
Housing supply in 48348, MI
How many homes are available in 48348, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 57Last MonthDec 2024 | ||
| 642 months agoNov 2024 | -10.9 % Change MoMNov – Dec |
Summary: The 48348 real estate market had 57 homes for sale in Dec 2024, a 10.9 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 14Last MonthDec 2024 | ||
| 212 months agoNov 2024 | -33.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 10 | 7 | -30.0% |
| 33 Bedrooms | 22 | 19 | -13.6% |
| 44 Bedrooms | 24 | 22 | -8.3% |
| 55+ Bedrooms | 8 | 9 | +12.5% |
Summary: 48348 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 -30.0%. The inventory for 3 bedroom homes decreased by -13.6%. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes increased by +12.5%.
Asking Price vs. Sold Price
How much do homes in 48348, MI cost?
Over Asking Price4 Homes
At Asking Price2 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in 48348, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 48348 in December 2024, down by 33.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and and 29% were sold over asking.
Days on Market for 48348, MI
How long does it take to sell a home in 48348, MI?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days4 Homes
Over 90 Days3 Homes
Insight
Many homes in 48348 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in 48348; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 47 DaysThis YearDec 2024 | ||
| 32 Days1 year agoDec 2023 | +47.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 48348 had an average listing age of 47 days in Dec 2024, up by 47.5% compared to the previous year.
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Newest Listings in 48348, MI
What homes are available in 48348, MI?
New - 2 days on Rocket
$7,422 Closing Credit¹
Lori Beatty, Listing Office: RE/MAX New Trend
New - 3 days on Rocket
$4,038 Closing Credit¹
Dennis Morgan, Listing Office: Real Estate One
New - 3 days on Rocket
$5,938 Closing Credit¹
Brett Maurer, Listing Office: Our Home & Co Real Estate LLC
New - 4 days on RocketVideo tour
$8,609 Closing Credit¹
Pamela Ford, Listing Office: Morgan Milzow & Ford, REALTORS®
Pamela Stoler, Listing Office: The Agency Hall & Hunter
Diane M Ducat, Listing Office: Keller Williams Premier
$4,144 Closing Credit¹
Jan Hays, Listing Office: Max Broock, REALTORS®-Birmingham
$3,680 Closing Credit¹
Sevasti Sehnert, Listing Office: Next Level Realty LLC
$4,275 Closing Credit¹
Zoe Darin, Listing Office: Max Broock, REALTORS®-Clarkston
$7,421 Closing Credit¹
Crystal Halley, Listing Office: RE/MAX Classic
Backup offers
$4,096 Closing Credit¹
Ryan Kelly, Nicholas A Pinozzi, Listing Office: RE/MAX Eclipse Clarkston
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., and MiRealSource Inc. DL 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: 1/18/2025, 1:21:06 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: 1/18/2025, 1:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.