48451 Home Values & Market Trends
There are 24 homes currently listed for 48451. 48451 real estate market trends show that home prices range from $124,900 to $1,380,000, and the median sales price in the 48451 zip code is $306,445.32. The total number of properties sold within the past twelve months is 285. In 48451, 8 properties are in foreclosure, 2 are bank owned properties,and 6 are headed for auction.
48451 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Linden | $ 349,797 $ 187/sqft |
Housing Market Summary for 48451
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $324.9K | $294.2K | -9.45% |
| Median Sold Price | $318.5K | $294.2K | -7.63% |
| Homes For Sale | 23 | 17 | -26.09% |
| Homes Sold | 230 | 196 | -14.78% |
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 48451
Browse Homes in 48451
The median list price of a home in Linden, is $306,445.32. A total of 24 properties are for sale, and the percentage of properties for sale in the zip code is 24.00%. The total count of 48451 properties is 6,126.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48451 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 48451; 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 48451 ranges from the highest value of $299,000 in linden to the lowest value of $277,794 in linden. Bank owned homes and properties account for 0.03% of properties in 48451. There is 1 cities within 48451; linden containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionslinden has 6 auction properties, the highest number of properties going to auction in a single city in the state of 48451. Auction homes and other auction properties account for 0.10% of all properties in 48451. There is 1 cities within 48451; of that cities, the median estimated home value for homes going to auction ranges from $391,583 in linden to the lowest value of $186,283 in linden.
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Guide for 48451
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