48195 Home Values & Market Trends
There are 18 homes currently listed for 48195. 48195 real estate market trends show that home prices range from $89,900 to $465,000, and the median sales price in the 48195 zip code is $169,040.68. The total number of properties sold within the past twelve months is 350. In 48195, 14 properties are in foreclosure, 3 are bank owned properties,and 11 are headed for auction.
48195 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Southgate | $ 179,599 $ 153/sqft |
Housing Market Summary for 48195
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $159.9K | $173K | 8.20% |
| Median Sold Price | $167.8K | $173K | 3.08% |
| Homes For Sale | 22 | 20 | -9.09% |
| Homes Sold | 326 | 225 | -30.98% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 48195
Browse Homes in 48195
The median list price of a home in Southgate, is $169,040.68. A total of 18 properties are for sale, and the percentage of properties for sale in the zip code is 18.00%. The total count of 48195 properties is 10,257.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48195 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 48195; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 48195 ranges from the highest value of $183,250 in southgate to the lowest value of $68,900 in southgate. Bank owned homes and properties account for 0.03% of properties in 48195. There is 1 cities within 48195; southgate containing 3 REO properties, has the highest number of bank owned properties in a single city.
- Auctionssouthgate has 11 auction properties, the highest number of properties going to auction in a single city in the state of 48195. Auction homes and other auction properties account for 0.11% of all properties in 48195. There is 1 cities within 48195; of that cities, the median estimated home value for homes going to auction ranges from $202,178 in southgate to the lowest value of $117,145 in southgate.
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Guide for 48195
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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