The 48002 housing market is very competitive. The median sale price of a home in 48002 was $430K last month, up 19.4% since last year. The median sale price per square foot in 48002 is $192, up 0.3% since last year.
In October 2024, 48002 home prices were up 19.4% compared to last year, selling for a median price of $430K. On average, homes in 48002 sell after 15 days on the market compared to 47 days last year. There were 9 homes sold in October this year, up from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$429,900
+19.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
48002, MI
$429,900
+19.4%
United States
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How hot is the 48002 housing market?
48002 is very competitive. Homes sell in 12 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 12 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 48002 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48002.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48002 has a minor risk of flooding. 167 properties in 48002 are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in 48002. Flood risk is increasing slower than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
48002 has a moderate risk of wildfire. There are 225 properties in 48002 that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in 48002.