The 48506 housing market is somewhat competitive. The median sale price of a home in 48506 was $83K last month, up 18.0% since last year. The median sale price per square foot in 48506 is $67, down 23.4% since last year.
In March 2024, 48506 home prices were up 18.0% compared to last year, selling for a median price of $83K. On average, homes in 48506 sell after 41 days on the market compared to 27 days last year. There were 71 homes sold in March this year, up from 59 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$82,500
+18.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
48506, MI
$82,500
+18.0%
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 39 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 5% below list price and go pending in around 39 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 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.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48506 has a moderate risk of flooding. 973 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.
11% of properties are at risk of wildfire over the next 30 years
Fire Factor
48506 has a moderate risk of wildfire. There are 1,509 properties in 48506 that have some risk of being affected by wildfire over the next 30 years. This represents 11% of all properties in 48506.