New - 3 hours on Rocket
$5,343 Closing Credit¹
#20250013759, Theresa M Edwards, Listing Office: RE/MAX Platinum
48855 Housing Market Report February 2025•Livingston County, Michigan
Housing Prices in 48855, MI
How much do homes in 48855, MI cost?
Housing Market Conditions
Is 48855, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
48855 is a Seller's Market
Difference Since February 2024
At the same time last year, 48855 was a Buyer's Market.
Insight
48855 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$360,000$170/SqFt
+$15,000
+4.3%
Based on all homes sold in the last 12 months
Insight
Homes in 48855 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 48855 was $360,000 in February 2025, up 4.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $217K | $238K | +9.7% |
| 33 Bedrooms | $349.9K | $355K | +1.4% |
| 44 Bedrooms | $375K | $450K | +20.0% |
| 55+ Bedrooms | $425K | $550K | +29.4% |
Summary: 48855 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 +9.7%. The home price for 3 bedroom homes increased by +1.4%. The home price for 4 bedroom homes increased by +20.0%. The home price for 5 bedroom homes increased by +29.4%.
Housing supply in 48855, MI
How many homes are available in 48855, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 47Last MonthFeb 2025 | ||
| 462 months agoJan 2025 | +2.2 % Change MoMJan – Feb |
Summary: The 48855 real estate market had 47 homes for sale in Feb 2025, a 2.2 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthFeb 2025 | ||
| 102 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 33 Bedrooms | 29 | 27 | -6.9% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 8 | 5 | -37.5% |
| 44 Bedrooms | 8 | 12 | +50.0% |
| 55+ Bedrooms | 1 | 3 | +200.0% |
Summary: 48855 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes decreased by -6.9%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -37.5%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes increased by +200.0%.
Asking Price vs. Sold Price
How much do homes in 48855, MI cost?
Over Asking Price3 Homes
At Asking Price3 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in 48855, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 48855 in February 2025, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and and 30% were sold over asking.
Days on Market for 48855, MI
How long does it take to sell a home in 48855, MI?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days4 Homes
Over 90 Days3 Homes
Insight
Avg time on Rocket Homes in 48855 has remained consistent over time.
Summary: During February 2025, 10 homes were sold in 48855; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 69 DaysThis YearFeb 2025 | ||
| 12 Days1 year agoFeb 2024 | +452.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 48855 had an average listing age of 69 days in Feb 2025, up by 452.0% compared to the previous year.
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Newest Listings in 48855, MI
What homes are available in 48855, MI?
New - 5 days on Rocket
$7,422 Closing Credit¹
#20250011887, Daniel J Callan, Thomas Burns, Listing Office: RE/MAX Platinum-Hartland
New - 5 days on Rocket
$8,193 Closing Credit¹
#20250012719, Teresa M Stovall, Listing Office: Preview Properties PC
$3,206 Closing Credit¹
#20250010327, Charles Archambeau, Listing Office: Berkshire Hathaway HomeServices Kee Realty Bham
$4,749 Closing Credit¹
#20250010155, John Graham, Jim Shaffer, Listing Office: John Graham Realty, LLC, Good Company
$4,275 Closing Credit¹
#81025005551, Corey Fuller, Listing Office: Brookstone, Realtors
Backup offers
$5,344 Closing Credit¹
#20250009813, Rachel Warren, Listing Office: Remerica United Realty-Brighton
$3,775 Closing Credit¹
#20250007473, Michelle Herrst, Listing Office: RE/MAX Platinum
$8,193 Closing Credit¹
#20250009384, Teresa M Stovall, Listing Office: Preview Properties PC
Backup offers
$3,562 Closing Credit¹
#20250009159, Lynne Gebski, Listing Office: EXP Realty Main
#20250008728, Jennifer Petersen, Listing Office: KW Realty Livingston
$7,731 Closing Credit¹
#81025004722, Keith Brandt, Listing Office: Brandt Real Estate
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025
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: 3/4/2025, 4:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 3/4/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.