The 48216 housing market is not very competitive. The median sale price of a home in 48216 was $248K last month, down 25.6% since last year. The median sale price per square foot in 48216 is $73, down 76.9% since last year.
In October 2024, 48216 home prices were down 25.6% compared to last year, selling for a median price of $248K. On average, homes in 48216 sell after 89 days on the market compared to 32 days last year. There were 6 homes sold in October this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$247,750
-25.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
48216, MI
$247,750
-25.6%
United States
To compare other locations to the 48216 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.
Work with the best agents in 48216
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the 48216 housing market?
48216 is not very competitive. Homes sell in 40 days.
0
100
29
Not 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 12 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 40 days.
Hot homes
can sell for around list price and go pending in around 13 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 48216 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48216.
Flood Factor - Minor
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48216 has a minor risk of flooding. 331 properties in 48216 are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in 48216. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
48216 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 48216 is most at risk from severe storms. 3,845 properties in 48216 have some risk of being in a severe wind event within the next 30 years.