48166 Home Values & Market Trends
There are 27 homes currently listed for 48166. 48166 real estate market trends show that home prices range from $34,900 to $648,000, and the median sales price in the 48166 zip code is $262,864.96. The total number of properties sold within the past twelve months is 101. In 48166, 7 properties are in foreclosure, 4 are bank owned properties,and 3 are headed for auction.
48166 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Newport | $ 292,499 $ 152/sqft |
Housing Market Summary for 48166
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $57,000 | $200.9K | 252.47% |
| Median Sold Price | $245K | $200.9K | -18.00% |
| Homes For Sale | 23 | 25 | 8.70% |
| Homes Sold | 103 | 62 | -39.81% |
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 48166
Browse Homes in 48166
The median list price of a home in Newport, is $262,864.96. A total of 27 properties are for sale, and the percentage of properties for sale in the zip code is 27.00%. The total count of 48166 properties is 3,994.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48166 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 48166; 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 48166 ranges from the highest value of $403,298 in newport to the lowest value of $68,795 in newport. Bank owned homes and properties account for 0.10% of properties in 48166. There is 1 cities within 48166; newport containing 4 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsnewport has 3 auction properties, the highest number of properties going to auction in a single city in the state of 48166. Auction homes and other auction properties account for 0.08% of all properties in 48166. There is 1 cities within 48166; of that cities, the median estimated home value for homes going to auction ranges from $568,649 in newport to the lowest value of $142,250 in newport.
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Guide for 48166
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.
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
Information on foreclosure financing, refinancing, and foreclosure mortgages.