48422 Housing Market Report January 2025•Sanilac County, Michigan

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Housing Prices in 48422, MI

How much do homes in 48422, MI cost?

Housing Market Conditions

Is 48422, 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

48422 is a Buyer's Market

Difference Since January 2024

At the same time last year, 48422 was a Seller's Market.

Insight

48422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$175,000$120/SqFt
+$30,000
+20.7%

Based on all homes sold in the last 12 months

Insight

Homes in 48422 have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in 48422 was $175,000 in January 2025, up 20.7% from last year, and the median price per square foot was $120.

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.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$50K$117K
+134.0%
3$150K$185K
+23.3%
4$153.4K$189.9K
+23.8%
5-$275K
N/A

Summary: 48422 housing price by bedroom type for January 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 +134.0%. The home price for 3 bedroom homes increased by +23.3%. The home price for 4 bedroom homes increased by +23.8%. The home price for 5 bedroom homes did not change.

Housing supply in 48422, MI

How many homes are available in 48422, 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
26Last MonthJan 2025
272 months agoDec 2024
-3.7 %
Change MoMDec – Jan

Summary: The 48422 real estate market had 26 homes for sale in Jan 2025, a 3.7 % decrease compared to Dec 2024.

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
2Last MonthJan 2025
42 months agoDec 2024
-50.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
100
0.0%
266
0.0%
31715
-11.8%
423
+50.0%
522
0.0%

Summary: 48422 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -11.8%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 48422, 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 Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in 48422, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 48422 in January 2025, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.

Days on Market for 48422, MI

How long does it take to sell a home in 48422, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in 48422 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 2 homes were sold in 48422; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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
19 DaysThis YearJan 2025
64 Days1 year agoJan 2024
-70.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 48422 had an average listing age of 19 days in Jan 2025, down by 70.3% compared to the previous year.

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Newest Listings in 48422, MI

What homes are available in 48422, MI?

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Nearby markets

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Last updated on: 2/5/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.