48890 Housing Market Report April 2025Eaton County, Michigan

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Housing Prices in 48890, MI

How much do homes in 48890, MI cost?

Housing Market Conditions

Is 48890, 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

48890 is a Seller's Market

Difference Since March 2025

Last month, 48890 has remained a Seller's Market.

Insight

48890 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.
$209,000$123/SqFt
+$59,000
+39.3%

Based on all homes sold in April 2025

Insight

Homes in 48890 have sold for 39.3% more than they did a month ago.

Summary: The median home sold price in 48890 was $209,000 in April 2025, up 39.3% from last month, and the median price per square foot was $123.

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.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2--
N/A
3$150K$209K
+39.3%
4--
N/A
5--
N/A

Summary: 48890 housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +39.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 48890, MI compare with other places?

Market comparison tool

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

48890, MI

Housing supply in 48890, MI

How many homes are available in 48890, 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
7Last MonthApr 2025
42 months agoMar 2025
+75.0 %
Change MoMMar – Apr

Summary: The 48890 real estate market had 7 homes for sale in Apr 2025, a 75.0 % increase compared to Mar 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
2Last MonthApr 2025
12 months agoMar 2025
+100.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
202
+100.0%
333
0.0%
412
+100.0%
500
0.0%

Summary: 48890 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 48890, 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 Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in 48890, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 48890 in April 2025, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for 48890, MI

How long does it take to sell a home in 48890, MI?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in 48890 has remained consistent over time.

Summary: During April 2025, 2 homes were sold in 48890; 0% 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.
Last Month1 month agoChange MoM
51 DaysLast MonthApr 2025
0 Days1 month agoMar 2025
0.0 %
Change MoMMar – Apr

Summary: Homes in 48890 had an average listing age of 51 days in Apr 2025, down by .0% compared to the previous month.

Newest Listings in 48890, MI

What homes are available in 48890, MI?

Nearby markets

MLS Disclaimers and Copyright

Based on information from Greater Lansing MLS, for the period 03/01/2025 - 05/01/2025

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: 5/7/2025, 3:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.