48640 Home Values & Market Trends

There are 13 homes currently listed for 48640. 48640 real estate market trends show that home prices range from $70,997 to $380,000, and the median sales price in the 48640 zip code is $203,189.89. The total number of properties sold within the past twelve months is 573. In 48640, 9 properties are in foreclosure, 2 are bank owned properties,and 7 are headed for auction.

48640 Real Estate Market Overview

CityMedian Est. Value
Midland

$ 216,541

$ 129/sqft

Housing Market Summary for 48640

Mar 2023February 2024Change
Median Listing Price$189K$211.6K11.96%
Median Sold Price$181.4K$211.6K16.66%
Homes For Sale2117-19.05%
Homes Sold4064357.14%
Price
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Homes For Sale
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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%.

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Browse Homes in 48640

The median list price of a home in Midland, is $203,189.89. A total of 13 properties are for sale, and the percentage of properties for sale in the zip code is 13.00%. The total count of 48640 properties is 11,746.

Foreclosure
There is 1 cities within 48640; within this cities, the median estimated home value for homes in foreclosure ranges from $537,118 in midland to the lowest value of $79,820 in midland. Foreclosure homes account for 0.00% of properties in 48640 with midland containing 16 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 48640 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 48640; 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 Owned
    The median estimated home value of bank owned homes (REO properties) in 48640 ranges from the highest value of $537,118 in midland to the lowest value of $79,820 in midland. Bank owned homes and properties account for 0.02% of properties in 48640. There is 1 cities within 48640; midland containing 4 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    midland has 12 auction properties, the highest number of properties going to auction in a single city in the state of 48640. Auction homes and other auction properties account for 0.06% of all properties in 48640. There is 1 cities within 48640; of that cities, the median estimated home value for homes going to auction ranges from $333,028 in midland to the lowest value of $119,761 in midland.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in 48640 with midland containing 29 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 48640; homes for sale in that cities, have a range of median values from $506,414 in midland to the lowest value of $50,075 in midland.
    Sold Homes
    The median value for recently sold homes ranges from $1,106,987 in midland to the lowest price of $21,781 in midland. There is 1 cities within 48640. midland has 737 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.20% of properties in 48640.

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      Guide for 48640

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Market Reports
      Wichita Real Estate Market Thrives: Property Values and Sale Prices Soar in 2023-2024
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      Wichita Real Estate Market Thrives: Property Values and Sale Prices Soar in 2023-2024
      Market Reports|posted 22 March 2024

      A comparative analysis of nearby cities shows diverse market dynamics in the Wichita real estate market in the first three months of 2024.

      Recently Listed Homes 48640

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