48101 Home Values & Market Trends
There are 19 homes currently listed for 48101. 48101 real estate market trends show that home prices range from $84,500 to $315,000, and the median sales price in the 48101 zip code is $188,148.24. The total number of properties sold within the past twelve months is 417. In 48101, 6 properties are in foreclosure, 2 are bank owned properties,and 4 are headed for auction.
Housing Market Summary for 48101
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $199K | $191.5K | -3.78% |
| Median Sold Price | $188K | $191.5K | 1.83% |
| Homes For Sale | 21 | 23 | 9.52% |
| Homes Sold | 351 | 249 | -29.06% |
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 48101
Browse Homes in 48101
The median list price of a home in Allen Park, is $188,148.24. A total of 19 properties are for sale, and the percentage of properties for sale in the zip code is 19.00%. The total count of 48101 properties is 11,495.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48101 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 48101; 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 48101 ranges from the highest value of $186,220 in allen park to the lowest value of $159,760 in allen park. Bank owned homes and properties account for 0.02% of properties in 48101. There is 1 cities within 48101; allen park containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsallen park has 4 auction properties, the highest number of properties going to auction in a single city in the state of 48101. Auction homes and other auction properties account for 0.03% of all properties in 48101. There is 1 cities within 48101; of that cities, the median estimated home value for homes going to auction ranges from $185,030 in allen park to the lowest value of $155,057 in allen park.
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Guide for 48101
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.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
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.
Why Buying a Foreclosure is a Smart Move