The 48506 housing market is somewhat competitive. The median sale price of a home in 48506 was $53K last month, down 29.7% since last year. The median sale price per square foot in 48506 is $86, up 6.8% since last year.
In February 2025, 48506 home prices were down 29.7% compared to last year, selling for a median price of $53K. On average, homes in 48506 sell after 52 days on the market compared to 43 days last year. There were 68 homes sold in February this year, down from 71 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$52,650
-29.7% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
48506, MI
$52,650
-29.7%
United States
To compare other locations to the 48506 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.
How hot is the 48506 housing market?
48506 is somewhat competitive. Homes sell in 52 days.
0
100
50
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 7% below list price and go pending in around 52 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 48506 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48506.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48506 has a minor risk of flooding. 948 properties in 48506 are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in 48506. Flood risk is increasing slower than the national average.
14% of properties are at risk of wildfire over the next 30 years
Fire Factor
48506 has a moderate risk of wildfire. There are 1,876 properties in 48506 that have some risk of being affected by wildfire over the next 30 years. This represents 14% of all properties in 48506.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
48506 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 48506 is most at risk from severe storms. 13,340 properties in 48506 have some risk of being in a severe wind event within the next 30 years.