48906 Housing Market Report February 2025•Clinton County, Michigan

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Housing Prices in 48906, MI

How much do homes in 48906, MI cost?

Housing Market Conditions

Is 48906, 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

48906 is a Seller's Market

Difference Since February 2024

Since last year, 48906 has remained a Seller's Market.

Insight

48906 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.
$143,800$118/SqFt
+$13,800
+10.6%

Based on all homes sold in the last 12 months

Insight

Homes in 48906 have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in 48906 was $143,800 in February 2025, up 10.6% from last year, and the median price per square foot was $118.

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
48906
+10.6%
48917
+6.6%
48820
+4.1%
48915
+1.2%

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.
BedsFeb 2024Feb 2025Change YoY
1$27.4K$82.9K
+202.0%
2$95K$115K
+21.1%
3$157.1K$150K
-4.5%
4$182.5K$199.9K
+9.5%
5$235.5K$275K
+16.8%

Summary: 48906 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +202.0%. The home price for 2 bedroom homes increased by +21.1%. The home price for 3 bedroom homes decreased by -4.5%. The home price for 4 bedroom homes increased by +9.5%. The home price for 5 bedroom homes increased by +16.8%.

How does 48906, MI compare with other places?

Market comparison tool

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

48906, MI

Housing supply in 48906, MI

How many homes are available in 48906, 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
88Last MonthFeb 2025
882 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The 48906 real estate market had 88 homes for sale in Feb 2025, the same as 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
15Last MonthFeb 2025
182 months agoJan 2025
-16.7 %
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
122
0.0%
22323
0.0%
34143
+4.9%
41718
+5.9%
552
-60.0%

Summary: 48906 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 remained the same. The inventory for 3 bedroom homes increased by +4.9%. The inventory for 4 bedroom homes increased by +5.9%. The inventory for 5 bedroom homes decreased by -60.0%.

Asking Price vs. Sold Price

How much do homes in 48906, 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 Price5 Homes

At Asking Price7 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in 48906, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in 48906 in February 2025, down by 16.7% month-over-month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and and 33% were sold over asking.

Days on Market for 48906, MI

How long does it take to sell a home in 48906, MI?

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
0 DaysThis YearFeb 2025
60 Days1 year agoFeb 2024
0.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 48906 had an average listing age of 0 days in Feb 2025, down by .0% compared to the previous year.

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Newest Listings in 48906, MI

What homes are available in 48906, MI?

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MLS Disclaimers and Copyright

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

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: 3/14/2025, 12:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: 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: 3/14/2025, 12:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.