The 48116 housing market is somewhat competitive. The median sale price of a home in 48116 was $395K last month, up 2.5% since last year. The median sale price per square foot in 48116 is $244, up 5.8% since last year.
In October 2024, 48116 home prices were up 2.5% compared to last year, selling for a median price of $395K. On average, homes in 48116 sell after 21 days on the market compared to 19 days last year. There were 133 homes sold in October this year, up from 111 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$395,000
+2.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
48116, MI
$395,000
+2.5%
United States
To compare other locations to the 48116 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Michigan add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in 48116
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the 48116 housing market?
48116 is somewhat competitive. Homes sell in 20 days.
0
100
54
Somewhat 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 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 20 days.
Hot homes
can sell for about 3% above list price and go pending in around 7 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 48116 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48116.
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48116 has a moderate risk of flooding. 1,271 properties in 48116 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in 48116. Flood risk is increasing slower than the national average.
40% of properties are at risk of wildfire over the next 30 years
Fire Factor
48116 has a moderate risk of wildfire. There are 5,383 properties in 48116 that have some risk of being affected by wildfire over the next 30 years. This represents 40% of all properties in 48116.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
48116 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 48116 is most at risk from severe storms. 13,222 properties in 48116 have some risk of being in a severe wind event within the next 30 years.