The 48040 housing market is very competitive. The median sale price of a home in 48040 was $224K last month, down 10.0% since last year. The median sale price per square foot in 48040 is $179, down 3.0% since last year.
In October 2024, 48040 home prices were down 10.0% compared to last year, selling for a median price of $224K. On average, homes in 48040 sell after 16 days on the market compared to 11 days last year. There were 45 homes sold in October this year, up from 43 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$224,000
-10.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
48040, MI
$224,000
-10.0%
United States
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How hot is the 48040 housing market?
48040 is very competitive. Homes sell in 27 days.
0
100
74
Very 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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 27 days.
Hot homes
can sell for about 1% 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 48040 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48040.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
48040 has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information