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Sterling Heights, MI 48312 Real Estate & Property Data

Sterling Heights, MI 48312 Real Estate Market Trends

Last Updated: April 19, 2024

A total of 506 residential properties have been sold over the past 12 months in 48312. With a median sales price of $320,000 in 48312 and a total of 4 foreclosures in Sterling Heights, MI 48312. Discover market trends and get the granular level real estate data for Sterling Heights, MI 48312 to keep your pulse on the housing market. Curate compelling home reports for Sterling Heights, MI 48312 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Sterling Heights, MI 48312 Real Estate Market Trends

Get property data for any address in Sterling Heights, MI 48312 or the country:

Total Residential Properties 11,580

Total Commercial Properties 338

Avg. Home Age (Single Family Home) 52 Years

Avg. Square Feet (Single Family Home) 1,613

Total 2024 Residential Sales (year-to-date) 74

% of Homes Seriously Underwater (Q2 2024) 0.62%

Total 2023 Residential Sales 470

% of Equity Rich Homes (Q2 2024) 38.13%

Effective 2023 Property Tax 1.19%

Total Foreclosure Filings (year-to-date) 6

Sterling Heights, MI 48312 Real Estate Overview

There were 506 residential properties sold in the past year in Sterling Heights, MI 48312. The median home value in Sterling Heights, MI 48312 is $274,195. There are a total of 11,580 residential properties in the 48312.

Median Sales Price i

$320,000

(Feb 2024)

+12.3%

year-over-year

y-o-y

February '24 Feb '24 $320,000
January '24 Jan '24 $280,000
December '23 Dec '23 $300,000
November '23 Nov '23 $292,500
October '23 Oct '23 $300,000
September '23 Sep '23 $295,000
August '23 Aug '23 $287,750
July '23 Jul '23 $288,500
June '23 Jun '23 $267,000
May '23 May '23 $300,000
April '23 Apr '23 $279,000
March '23 Mar '23 $290,000

Median Down Payment i

$62,000

(Feb 2024)

+110.2%

year-over-year

y-o-y

February '24 Feb '24 $62,000
January '24 Jan '24 $13,675
December '23 Dec '23 $66,900
November '23 Nov '23 $19,375
October '23 Oct '23 $41,100
September '23 Sep '23 $38,000
August '23 Aug '23 $28,550
July '23 Jul '23 $41,499
June '23 Jun '23 $17,750
May '23 May '23 $52,700
April '23 Apr '23 $18,875
March '23 Mar '23 $31,405

Number of Homes Sold i

27

(Feb 2024)

+8%

year-over-year

y-o-y

February '24 Feb '24 27
January '24 Jan '24 47
December '23 Dec '23 23
November '23 Nov '23 27
October '23 Oct '23 48
September '23 Sep '23 49
August '23 Aug '23 40
July '23 Jul '23 44
June '23 Jun '23 52
May '23 May '23 50
April '23 Apr '23 38
March '23 Mar '23 36

Number of Purchase Loans i

22

(Feb 2024)

+10%

year-over-year

y-o-y

February '24 Feb '24 22
January '24 Jan '24 29
December '23 Dec '23 18
November '23 Nov '23 21
October '23 Oct '23 37
September '23 Sep '23 43
August '23 Aug '23 26
July '23 Jul '23 30
June '23 Jun '23 30
May '23 May '23 31
April '23 Apr '23 32
March '23 Mar '23 27

Number of REFI Loans i

15

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 15
January '24 Jan '24 34
December '23 Dec '23 24
November '23 Nov '23 18
October '23 Oct '23 15
September '23 Sep '23 22
August '23 Aug '23 18
July '23 Jul '23 17
June '23 Jun '23 22
May '23 May '23 18
April '23 Apr '23 14
March '23 Mar '23 16

Number of HELOC Loans i

12

(Feb 2024)

+140%

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 9
December '23 Dec '23 9
November '23 Nov '23 14
October '23 Oct '23 10
September '23 Sep '23 11
August '23 Aug '23 12
July '23 Jul '23 13
June '23 Jun '23 12
May '23 May '23 11
April '23 Apr '23 11
March '23 Mar '23 7

Sterling Heights, MI 48312 Real Estate Market Overview

Last 30 days

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Sterling Heights, MI 48312 Foreclosure Activity

There were a total of 4 Sterling Heights, MI 48312 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

4

(Feb 2024)

+300%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 2
December '23 Dec '23 4
November '23 Nov '23 4
October '23 Oct '23 3
September '23 Sep '23 5
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 6
May '23 May '23 1
April '23 Apr '23 1
March '23 Mar '23 3

Foreclosure Starts i

4

(Feb 2024)

+300%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 2
December '23 Dec '23 4
November '23 Nov '23 4
October '23 Oct '23 3
September '23 Sep '23 5
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 6
May '23 May '23 1
April '23 Apr '23 1
March '23 Mar '23 3

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 4
December '23 Dec '23 3
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 1
June '23 Jun '23 N/A
May '23 May '23 2
April '23 Apr '23 N/A
March '23 Mar '23 N/A

Nearby Zip Codes

1. 48310
2. 48313
3. 48314

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