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Southgate, MI 48195 Real Estate & Property Data

Southgate, MI 48195 Real Estate Market Trends

Last Updated: April 28, 2024

A total of 373 residential properties have been sold over the past 12 months in 48195. With a median sales price of $200,000 in 48195 and a total of 4 foreclosures in Southgate, MI 48195. Discover market trends and get the granular level real estate data for Southgate, MI 48195 to keep your pulse on the housing market. Curate compelling home reports for Southgate, MI 48195 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Southgate, MI 48195 Real Estate Market Trends

Get property data for any address in Southgate, MI 48195 or the country:

Total Residential Properties 10,260

Total Commercial Properties 867

Avg. Home Age (Single Family Home) 66 Years

Avg. Square Feet (Single Family Home) 1,205

Total 2024 Residential Sales (year-to-date) 41

% of Homes Seriously Underwater (Q2 2024) 0.63%

Total 2023 Residential Sales 371

% of Equity Rich Homes (Q2 2024) 31.41%

Effective 2023 Property Tax 2.48%

Total Foreclosure Filings (year-to-date) 7

Southgate, MI 48195 Real Estate Overview

There were 373 residential properties sold in the past year in Southgate, MI 48195. The median home value in Southgate, MI 48195 is $169,026. There are a total of 10,260 residential properties in the 48195.

Median Sales Price i

$200,000

(Feb 2024)

+4.4%

year-over-year

y-o-y

February '24 Feb '24 $200,000
January '24 Jan '24 $200,000
December '23 Dec '23 $192,500
November '23 Nov '23 $195,000
October '23 Oct '23 $180,000
September '23 Sep '23 $175,000
August '23 Aug '23 $165,000
July '23 Jul '23 $172,000
June '23 Jun '23 $165,450
May '23 May '23 $165,000
April '23 Apr '23 $175,000
March '23 Mar '23 $201,000

Median Down Payment i

$5,887

(Feb 2024)

+0.6%

year-over-year

y-o-y

February '24 Feb '24 $5,887
January '24 Jan '24 $27,025
December '23 Dec '23 $8,000
November '23 Nov '23 $9,242
October '23 Oct '23 $9,250
September '23 Sep '23 $11,125
August '23 Aug '23 $12,800
July '23 Jul '23 $12,750
June '23 Jun '23 $7,400
May '23 May '23 $5,174
April '23 Apr '23 $14,000
March '23 Mar '23 $15,000

Number of Homes Sold i

19

(Feb 2024)

+18.8%

year-over-year

y-o-y

February '24 Feb '24 19
January '24 Jan '24 22
December '23 Dec '23 21
November '23 Nov '23 31
October '23 Oct '23 32
September '23 Sep '23 39
August '23 Aug '23 25
July '23 Jul '23 38
June '23 Jun '23 45
May '23 May '23 30
April '23 Apr '23 22
March '23 Mar '23 33

Number of Purchase Loans i

13

(Feb 2024)

+8.3%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 16
December '23 Dec '23 16
November '23 Nov '23 25
October '23 Oct '23 20
September '23 Sep '23 23
August '23 Aug '23 19
July '23 Jul '23 32
June '23 Jun '23 37
May '23 May '23 21
April '23 Apr '23 18
March '23 Mar '23 18

Number of REFI Loans i

24

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 24
January '24 Jan '24 27
December '23 Dec '23 14
November '23 Nov '23 24
October '23 Oct '23 24
September '23 Sep '23 18
August '23 Aug '23 30
July '23 Jul '23 20
June '23 Jun '23 19
May '23 May '23 10
April '23 Apr '23 14
March '23 Mar '23 23

Number of HELOC Loans i

8

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 7
December '23 Dec '23 12
November '23 Nov '23 6
October '23 Oct '23 4
September '23 Sep '23 12
August '23 Aug '23 10
July '23 Jul '23 5
June '23 Jun '23 8
May '23 May '23 7
April '23 Apr '23 4
March '23 Mar '23 10

Southgate, MI 48195 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2

Southgate, MI 48195 Foreclosure Activity

There were a total of 4 Southgate, MI 48195 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 3
December '23 Dec '23 4
November '23 Nov '23 2
October '23 Oct '23 6
September '23 Sep '23 4
August '23 Aug '23 7
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 2
April '23 Apr '23 8
March '23 Mar '23 5

Foreclosure Starts i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 3
December '23 Dec '23 4
November '23 Nov '23 2
October '23 Oct '23 6
September '23 Sep '23 4
August '23 Aug '23 7
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 2
April '23 Apr '23 8
March '23 Mar '23 5

Completed Foreclosures (REOs) i

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

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