Nathan Jones, Ann Jones, Listing Office: Ensley Real Estate
48818 Housing Market Report December 2024•Montcalm County, Michigan
Housing Prices in 48818, MI
How much do homes in 48818, MI cost?
Median List Price
$230,000$166/SqFt
+$72,500
+46.0%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 48818 has increased by 46% since last year.
Summary: The median home list price in 48818 was $230,000 in December 2024, up 46% from the previous year, and the median price per square foot was $166.
Median List Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 48818 | $157.5K | $230K | +46.0% |
| 48889 | $149.9K | $189.9K | +26.7% |
| 48811 | $197K | $214.4K | +8.9% |
| 48877 | $260K | $168.5K | -35.2% |
Median List Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $130K | $299.9K | +130.7% |
| 33 Bedrooms | $155K | $230K | +48.4% |
| 44 Bedrooms | $180K | $180K | 0.0% |
| 55+ Bedrooms | $302K | $899.9K | +198.0% |
Summary: 48818 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 +130.7%. The home price for 3 bedroom homes increased by +48.4%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +198.0%.
Housing supply in 48818, MI
How many homes are available in 48818, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthDec 2024 | ||
| 152 months agoNov 2024 | +6.7 % Change MoMNov – Dec |
Summary: The 48818 real estate market had 16 homes for sale in Dec 2024, a 6.7 % increase compared to Nov 2024.
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 13 | 14 | +7.7% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: 48818 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 remained the same. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 48818, MI cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in 48818, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 48818 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for 48818, MI
How long does it take to sell a home in 48818, MI?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in 48818 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 48818; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 98 DaysThis YearDec 2024 | ||
| 62 Days1 year agoDec 2023 | +58.4 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 48818 had an average listing age of 98 days in Dec 2024, up by 58.4% compared to the previous year.
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Newest Listings in 48818, MI
What homes are available in 48818, MI?
$2,730 Closing Credit¹
Susanne Katharinna Le feve, Listing Office: Michigan Prime Realty LLC
#50163017, Connie Allen, Listing Office: Century 21 Signature Realty - Bay City
Patti Thomas, Listing Office: Appleland Realty
$1,330 Closing Credit¹
Adam D Black, Listing Office: Ensley Real Estate
$10,000 Closing Credit¹
Troy Seyfert, Listing Office: RE/MAX REAL ESTATE PROS
$1,602 Closing Credit¹
Adam Vibber, Listing Office: CENTURY 21 LEE-MAC REALTY
$7,113 Closing Credit¹
Bob Fall, Listing Office: CENTURY 21 LEE-MAC REALTY
$10,000 Closing Credit¹
Troy Seyfert, Listing Office: RE/MAX REAL ESTATE PROS
$1,661 Closing Credit¹
Jim Vanas, Listing Office: NextHome Legacy Real Estate
$9,137 Closing Credit¹
Nathan B Jones, Listing Office: Ensley Real Estate- I
$4,038 Closing Credit¹
Nathan B Jones, Listing Office: Ensley Real Estate- I
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MLS Disclaimers and Copyright
Based on information from Michigan Regional Information Center LLC, MiRealSource Inc. DL, Northern Great Lakes Realtors MLS, and RealComp II Ltd. for the period 01/01/2023 - 01/01/2025
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 11:20:54 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: 1/30/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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: 1/30/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 1/30/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.