Is New Baltimore, MI 48047 a buyer’s or seller’s market?
New Baltimore is a seller’s market. With about 2 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 80% of U.S. ZIP codes, and #145 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The New Baltimore housing market right now
In the three months ending August 31, 2026, 36% of homes in New Baltimore, MI 48047 sold above their list price, the typical home went under contract in 20 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 166 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (15 days then) and the median sale price fell 3% to $369,840. Overall, New Baltimore is less competitive than a year ago, which gives buyers more room.
Within Macomb County, homes here sell more slowly than in 51% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, New Baltimore ranks #145 of 510 MI ZIP codes with enough sales (score 76 out of 100).
Nearby, buyers who want less competition could look at New Haven 48050 (0% sold over asking) or Romeo 48065 (17% sold over asking), while Sterling Heights 48314 (49% sold over asking) and Sterling Heights 48313 (47% sold over asking) are even more competitive.
Run the numbers for 48047
Nearby markets
Armada 48005Seller’s market $181 /sq ftCenter Line 48015Seller’s market $142 /sq ftClinton Township 48035Seller’s market $160 /sq ftClinton Township 48036Seller’s market $137 /sq ft Browse all markets →Towns like New Baltimore nearby
Find towns like New Baltimore in other states →Where New Baltimore is
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Questions about New Baltimore real estate
Is New Baltimore a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in New Baltimore, MI 48047 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Baltimore?
The typical home went under contract in 20 days in the latest three months.
Do homes in New Baltimore sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in New Baltimore?
About 1.40% of a home’s value a year in Macomb County, or roughly $5,600 on a $400,000 home.
What is the median home price in New Baltimore?
The median sale price was $369,840 in the three months ending August 31, 2026, about $185 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology