| Location | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48122 | $44,400 | -28.3% | $47,250 | $61,943 | $94,900 | Melvindale | $44,400 | -28.3% | $47,250 | $61,943 | $94,900 |
The median sales price for homes in ZIP code 48122 for Sep 09 to Nov 09 was $44,400. This represents a decline of 6%, or $2,850, compared to the prior quarter and a decrease of 28.3% compared to the prior year. Sales prices have depreciated 53.2% over the last 5 years in 48122, Melvindale.
Average listing price for homes on Trulia in ZIP code 48122 was $82,602 for the week ending Dec 16, which represents a decline of 0.1%, or $81 compared to the prior week and a decline of 0.9%, or $730, compared to the week ending Nov 25.
| Location | Week ending Dec 16 | w-o-w | Week ending Dec 9 | Week ending Dec 2 | Week ending Nov 25 |
|---|---|---|---|---|---|
| 48122 | $82,602 | -0.1% | $82,683 | $82,782 | $83,332 | Melvindale | $82,602 | -0.1% | $82,683 | $82,828 | $83,332 |
| Zips | Week ending Dec 16 |
w-o-w | Week ending Dec 9 |
Week ending Dec 2 |
|---|---|---|---|---|
| 48122 | 1 | — | 1 | 1 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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