The 48003 housing market is somewhat competitive. The median sale price of a home in 48003 was $345K last month, down 2.7% since last year. The median sale price per square foot in 48003 is $185, up 5.1% since last year.
In March 2024, 48003 home prices were down 2.7% compared to last year, selling for a median price of $345K. On average, homes in 48003 sell after 18 days on the market compared to 17 days last year. There were 12 homes sold in March this year, down from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$345,000
-2.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
48003, MI
$345,000
-2.7%
United States
To compare other locations to the 48003 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Michigan add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 48003 housing market?
48003 is somewhat competitive. Homes sell in 29 days.
0
100
47
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 29 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 48003 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48003.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48003 has a moderate risk of flooding. 221 properties in 48003 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 48003. Flood risk is increasing slower than the national average.
38% of properties are at risk of wildfire over the next 30 years
Fire Factor
48003 has a moderate risk of wildfire. There are 1,127 properties in 48003 that have some risk of being affected by wildfire over the next 30 years. This represents 38% of all properties in 48003.