The 48118 housing market is somewhat competitive. The median sale price of a home in 48118 was $425K last month, up 26.2% since last year. The median sale price per square foot in 48118 is $230, up 14.1% since last year.
In October 2024, 48118 home prices were up 26.2% compared to last year, selling for a median price of $425K. On average, homes in 48118 sell after 48 days on the market compared to 40 days last year. There were 49 homes sold in October this year, up from 44 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$425,000
+26.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
48118, MI
$425,000
+26.2%
United States
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How hot is the 48118 housing market?
48118 is somewhat competitive. Homes sell in 47.5 days.
0
100
59
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 48 days.
Hot homes
can sell for around list price and go pending in around 23 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.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48118 has a minor risk of flooding. 364 properties in 48118 are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in 48118. Flood risk is increasing slower than the national average.
58% of properties are at risk of wildfire over the next 30 years
Fire Factor
48118 has a moderate risk of wildfire. There are 3,778 properties in 48118 that have some risk of being affected by wildfire over the next 30 years. This represents 58% of all properties in 48118.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
48118 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 48118 is most at risk from hurricanes. 6,491 properties in 48118 have some risk of being in a severe wind event within the next 30 years.