48862Ithaca, MI Housing Market
$148,000median sale price
The 48862 zip code, located in Ithaca, MI, is currently classified as a balanced market. The median sale price stands at $148,000. Homes in this area spend an average of 58 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 48862 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
58
Average pace
Active listings
—
Sale-to-list
105.8%
Above asking
Market trends
Market analysis for 48862
The 48862 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 105.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48862 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
25
Median age
32.5 years
Owner-occupied
100.0%
Living in 48862
Zip code 48862 is home to approximately 25 residents. With a median age of 32.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 100.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 48862.
Frequently asked questions about 48862
What is the median home price in 48862?
The current median sale price in 48862 is $148,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 48862 a buyer's or seller's market?
The 48862 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 48862?
Zip code 48862 has a population of approximately 25 residents. About 100.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 48862?
Properties Incorporated provides comprehensive data for 48862 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 48862 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
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