The 48111 housing market is very competitive. The median sale price of a home in 48111 was $257K last month, down 6.6% since last year. The median sale price per square foot in 48111 is $177, up 9.6% since last year.
In March 2024, 48111 home prices were down 6.6% compared to last year, selling for a median price of $257K. On average, homes in 48111 sell after 23 days on the market compared to 40 days last year. There were 78 homes sold in March this year, down from 82 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$256,800
-6.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
48111, MI
$256,800
-6.6%
United States
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How hot is the 48111 housing market?
48111 is very competitive. Homes sell in 23 days.
0
100
78
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 around list price and go pending in around 23 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 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 48111 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48111.
Risk Factor
Flood Factor - Severe
25% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48111 has a severe risk of flooding. 2,335 properties in 48111 are likely to be
severely affected
by flooding over the next 30 years. This represents 25% of all properties in 48111. Flood risk is increasing slower than the national average.
57% of properties are at risk of wildfire over the next 30 years
Fire Factor
48111 has a moderate risk of wildfire. There are 8,054 properties in 48111 that have some risk of being affected by wildfire over the next 30 years. This represents 57% of all properties in 48111.