48174 Home Values & Market Trends
There are 30 homes currently listed for 48174. 48174 real estate market trends show that home prices range from $44,999 to $599,000, and the median sales price in the 48174 zip code is $190,276.89. The total number of properties sold within the past twelve months is 328. In 48174, 14 properties are in foreclosure, 8 are bank owned properties,and 6 are headed for auction.
48174 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Romulus | $ 168,971 $ 136/sqft |
Housing Market Summary for 48174
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $169.9K | $180K | 5.89% |
| Median Sold Price | $172K | $180K | 4.63% |
| Homes For Sale | 34 | 31 | -8.82% |
| Homes Sold | 280 | 197 | -29.64% |
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 48174
Browse Homes in 48174
The median list price of a home in Romulus, is $190,276.89. A total of 30 properties are for sale, and the percentage of properties for sale in the zip code is 30.00%. The total count of 48174 properties is 9,535.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48174 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 48174; 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 48174 ranges from the highest value of $279,297 in romulus to the lowest value of $66,000 in romulus. Bank owned homes and properties account for 0.08% of properties in 48174. There is 1 cities within 48174; romulus containing 7 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsromulus has 5 auction properties, the highest number of properties going to auction in a single city in the state of 48174. Auction homes and other auction properties account for 0.06% of all properties in 48174. There is 1 cities within 48174; of that cities, the median estimated home value for homes going to auction ranges from $297,903 in romulus to the lowest value of $167,462 in romulus.
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Guide for 48174
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