48307 Home Values & Market Trends
There are 39 homes currently listed for 48307. 48307 real estate market trends show that home prices range from $129,000 to $1,300,000, and the median sales price in the 48307 zip code is $384,041.26. The total number of properties sold within the past twelve months is 549. In 48307, 5 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
48307 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Rochester | $ 705,741 $ 255/sqft |
Housing Market Summary for 48307
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $400K | $351.8K | -12.05% |
| Median Sold Price | $350.7K | $351.8K | 0.32% |
| Homes For Sale | 41 | 22 | -46.34% |
| Homes Sold | 377 | 332 | -11.94% |
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 48307
Browse Homes in 48307
The median list price of a home in Rochester, is $384,041.26. A total of 39 properties are for sale, and the percentage of properties for sale in the zip code is 39.00%. The total count of 48307 properties is 13,449.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48307 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 48307; 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 48307 ranges from the highest value of $1,088,741 in rochester to the lowest value of $696,750 in rochester. Bank owned homes and properties account for 0.01% of properties in 48307. There is 1 cities within 48307; rochester containing 3 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsrochester has 3 auction properties, the highest number of properties going to auction in a single city in the state of 48307. Auction homes and other auction properties account for 0.03% of all properties in 48307. There is 1 cities within 48307; of that cities, the median estimated home value for homes going to auction ranges from $806,500 in rochester to the lowest value of $248,339 in rochester.
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Guide for 48307
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.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
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.