48867 Housing Market Report January 2025•Shiawassee County, Michigan

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Housing Prices in 48867, MI

How much do homes in 48867, MI cost?

Housing Market Conditions

Is 48867, 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

48867 is a Seller's Market

Difference Since January 2024

Since last year, 48867 has remained a Seller's Market.

Insight

48867 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.
$160,500$115/SqFt
+$14,500
+9.9%

Based on all homes sold in the last 12 months

Insight

Homes in 48867 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 48867 was $160,500 in January 2025, up 9.9% from last year, and the median price per square foot was $115.

Median Sold Price By City

Median Sold Price By City
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
48867
+9.9%
48817
+5.8%
48866
+5.2%

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$71K$83K
+16.9%
2$130K$129K
-0.8%
3$160K$175K
+9.4%
4$161.9K$185K
+14.2%
5$190K$239K
+25.8%

Summary: 48867 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +16.9%. The home price for 2 bedroom homes decreased by -0.8%. The home price for 3 bedroom homes increased by +9.4%. The home price for 4 bedroom homes increased by +14.2%. The home price for 5 bedroom homes increased by +25.8%.

Housing supply in 48867, MI

How many homes are available in 48867, 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
60Last MonthJan 2025
762 months agoDec 2024
-21.1 %
Change MoMDec – Jan

Summary: The 48867 real estate market had 60 homes for sale in Jan 2025, a 21.1 % 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
16Last MonthJan 2025
302 months agoDec 2024
-46.7 %
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
123
+50.0%
21510
-33.3%
34235
-16.7%
41410
-28.6%
532
-33.3%

Summary: 48867 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 4 bedroom homes decreased by -28.6%. The inventory for 5 bedroom homes decreased by -33.3%.

Asking Price vs. Sold Price

How much do homes in 48867, 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 Price9 Homes

At Asking Price1 Home

Under Asking Price6 Homes

Insight

If you're buying a home in 48867, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 48867 in January 2025, down by 46.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and and 56% were sold over asking.

Days on Market for 48867, MI

How long does it take to sell a home in 48867, MI?

Breakdown of Home Sale Times

Under 30 Days13 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in 48867 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 16 homes were sold in 48867; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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
24 DaysThis YearJan 2025
29 Days1 year agoJan 2024
-16.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 48867 had an average listing age of 24 days in Jan 2025, down by 16.1% compared to the previous year.

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Newest Listings in 48867, MI

What homes are available in 48867, MI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and Greater Lansing MLS for the period 02/01/2023 - 02/01/2025

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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: 2/2/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2025 Greater Lansing Association of REALTORS®. 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: 2/1/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.