The 48118 housing market is very competitive. The median sale price of a home in 48118 was $437K last month, up 5.4% since last year. The median sale price per square foot in 48118 is $215, up 9.7% since last year.
In April 2024, 48118 home prices were up 5.4% compared to last year, selling for a median price of $437K. On average, homes in 48118 sell after 28 days on the market compared to 54 days last year. There were 40 homes sold in April this year, up from 39 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$436,862
+5.4% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
48118, MI
$436,863
+5.4%
United States
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How hot is the 48118 housing market?
48118 is very competitive. Homes sell in 26 days.
0
100
77
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 26 days.
Hot homes
can sell for about 2% above list price and go pending in around 16 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 48118 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48118.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48118 has a minor risk of flooding. 366 properties in 48118 are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in 48118. Flood risk is increasing slower than the national average.
38% of properties are at risk of wildfire over the next 30 years
Fire Factor
48118 has a moderate risk of wildfire. There are 2,486 properties in 48118 that have some risk of being affected by wildfire over the next 30 years. This represents 38% of all properties in 48118.