The 48117 housing market is very competitive. The median sale price of a home in 48117 was $262K last month, up 24.2% since last year. The median sale price per square foot in 48117 is $162, up 2.8% since last year.
In March 2024, 48117 home prices were up 24.2% compared to last year, selling for a median price of $262K. On average, homes in 48117 sell after 42 days on the market compared to 22 days last year. There were 13 homes sold in March this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$262,000
+24.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
48117, MI
$262,000
+24.2%
United States
To compare other locations to the 48117 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.
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How hot is the 48117 housing market?
48117 is very competitive. Homes sell in 23 days.
0
100
73
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 about 4% below list price and go pending in around 23 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Loren Eyler Elementary School
Public • PreK-4
345
Students
3 reviews
6/10
Joseph C. Sterling Elementary School
Public • PreK-4 • Choice school
268
Students
3 reviews
5/10
Wagar 5/6 Middle School
Public • 5-6
396
Students
1 reviews
NR
Airport Virtual Academy
Public • K-12
107
Students
1 reviews
NR
Henry Niedermeier Elementary School
Public • PreK-4 • Choice school
-
Students
N/A
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 48117 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48117.
Risk Factor
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48117 has a minor risk of flooding. 320 properties in 48117 are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in 48117. Flood risk is increasing slower than the national average.
29% of properties are at risk of wildfire over the next 30 years
Fire Factor
48117 has a moderate risk of wildfire. There are 1,306 properties in 48117 that have some risk of being affected by wildfire over the next 30 years. This represents 29% of all properties in 48117.