48457 Housing Market Report February 2025•Genesee County, Michigan

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Housing Prices in 48457, MI

How much do homes in 48457, MI cost?

Housing Market Conditions

Is 48457, 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

48457 is a Seller's Market

Difference Since February 2024

Since last year, 48457 has remained a Seller's Market.

Insight

48457 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.
$170,000$124/SqFt
-$19,900
-10.5%

Based on all homes sold in the last 12 months

Insight

Homes in 48457 have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in 48457 was $170,000 in February 2025, down 10.5% from last year, and the median price per square foot was $124.

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
48433
+4.3%
48616
-2.9%
48457
-10.5%

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--
N/A
2$110.5K$135K
+22.2%
3$185K$179.5K
-3.0%
4$245K$256.5K
+4.7%
5$172.5K$350K
+102.9%

Summary: 48457 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 +22.2%. The home price for 3 bedroom homes decreased by -3.0%. The home price for 4 bedroom homes increased by +4.7%. The home price for 5 bedroom homes increased by +102.9%.

How does 48457, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

48457, MI

Housing supply in 48457, MI

How many homes are available in 48457, 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 MonthFeb 2025
272 months agoJan 2025
-3.7 %
Change MoMJan – Feb

Summary: The 48457 real estate market had 26 homes for sale in Feb 2025, a 3.7 % 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
5Last MonthFeb 2025
22 months agoJan 2025
+150.0 %
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%
254
-20.0%
31718
+5.9%
454
-20.0%
500
0.0%

Summary: 48457 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 -20.0%. The inventory for 3 bedroom homes increased by +5.9%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 48457, 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 Price2 Homes

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 48457, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 48457 in February 2025, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and and 40% were sold over asking.

Days on Market for 48457, MI

How long does it take to sell a home in 48457, MI?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

Many homes in 48457 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 5 homes were sold in 48457; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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
68 DaysThis YearFeb 2025
47 Days1 year agoFeb 2024
+43.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 48457 had an average listing age of 68 days in Feb 2025, up by 43.4% compared to the previous year.

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Newest Listings in 48457, MI

What homes are available in 48457, MI?

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MLS Disclaimers and Copyright

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

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Last updated on: 3/14/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 3/14/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.