48382 Home Values & Market Trends
There are 31 homes currently listed for 48382. 48382 real estate market trends show that home prices range from $235,000 to $1,700,000, and the median sales price in the 48382 zip code is $423,022.86. The total number of properties sold within the past twelve months is 321. In 48382, 6 properties are in foreclosure, 1 are bank owned properties,and 5 are headed for auction.
Housing Market Summary for 48382
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $489.9K | $372.8K | -23.90% |
Median Sold Price | $398.9K | $372.8K | -6.54% |
Homes For Sale | 36 | 19 | -47.22% |
Homes Sold | 221 | 210 | -4.98% |
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 48382
Browse Homes in 48382
The median list price of a home in Commerce Township, is $423,022.86. A total of 31 properties are for sale, and the percentage of properties for sale in the zip code is 31.00%. The total count of 48382 properties is 8,675.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48382 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 48382; 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 48382 ranges from the highest value of $774,500 in commerce township to the lowest value of $104,208 in commerce township. Bank owned homes and properties account for 0.01% of properties in 48382. There is 1 cities within 48382; commerce township containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionscommerce township has 8 auction properties, the highest number of properties going to auction in a single city in the state of 48382. Auction homes and other auction properties account for 0.06% of all properties in 48382. There is 1 cities within 48382; of that cities, the median estimated home value for homes going to auction ranges from $587,043 in commerce township to the lowest value of $286,586 in commerce township.
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Guide for 48382
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.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.