48212 Real Estate Market

48212 Market

The median sale price for homes in 48212 over the last 12 months is $51,041.


The median mortgage debt is $63,190.

Additional Statistics for Single Family Homes and Condos in Hamtramck, MI
$17,700
Median Listing Price
63
Median Days on Market
123
Active Listings
29.3%
Distressed Listings
(foreclosures and short sales)
48212 (Hamtramck, MI) Price Trends - Sold vs. Listed
The median list price in May for single family homes in Hamtramck is $17,700. The list prices increased by 4.11% from the previous month.

The price per square foot for listings in this area is $20.

The median sale price in December for single family homes is $47,468. The sale prices dropped by -31.29% from the previous month.

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48212 (Hamtramck, MI) Market Inventory Trends

The number of active listings in Hamtramck increased by 9.8% from the previous month.

The median number of days active properties have been listed is 63. This is significantly shorter than the national average.

The number of sales in December dropped by 33.3% from the previous month.

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48212 (Hamtramck, MI) Property Ownership

The percent of owner occupied properties in Hamtramck is 19.32% below the national average.

The percent of rental properties in Hamtramck is 16.65% above the national average which is typical for urban areas.

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