The 48048 housing market is very competitive. The median sale price of a home in 48048 was $255K last month, down 17.7% since last year. The median sale price per square foot in 48048 is $119, down 25.2% since last year.
In March 2024, 48048 home prices were down 17.7% compared to last year, selling for a median price of $255K. On average, homes in 48048 sell after 18 days on the market compared to 8 days last year. There were 13 homes sold in March this year, down from 23 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$255,000
-17.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
48048, MI
$255,000
-17.7%
United States
To compare other locations to the 48048 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 48048 housing market?
48048 is very competitive. Homes sell in 18.5 days.
0
100
75
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 19 days.
Hot homes
can sell for about 2% above list price and go pending in around 7 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
5/10
New Haven Elementary School
Public • PreK-5 • Choice school
387
Students
29 reviews
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 48048 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48048.
Risk Factor
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48048 has a minor risk of flooding. 113 properties in 48048 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 48048. Flood risk is increasing slower than the national average.
40% of properties are at risk of wildfire over the next 30 years
Fire Factor
48048 has a moderate risk of wildfire. There are 733 properties in 48048 that have some risk of being affected by wildfire over the next 30 years. This represents 40% of all properties in 48048.