Is Oceola Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oceola Township has remained a Seller's Market.
Housing Prices in Oceola Township, MI
How much do homes in Oceola Township, MI cost?
Median Sold Price
$390,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oceola Township was $390,500 in May 2024, up 4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $325.5K | +8.5% |
3 Bedrooms | $345K | $360K | +4.3% |
4 Bedrooms | $410K | $455K | +11.0% |
5+ Bedrooms | $490K | $470K | -4.1% |
Summary: Oceola Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Genoa Township | $358.2K | $401K | +11.9% |
Deerfield Township | $287.1K | $320.1K | +11.5% |
Oceola Township | $375.5K | $390.5K | +4.0% |
Howell Township | $345.5K | $352.5K | +2.0% |
Howell | $346K | $352K | +1.7% |
Housing Supply in Oceola Township, MI
How many homes are available in Oceola Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 45 | +40.6% |
Summary: The Oceola Township real estate market had 45 homes for sale in May 2024, a 40.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Oceola Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Oceola Township in May 2024, the same as the previous month. Of the 10 sold homes, 0% were sold under asking, 30% were sold at asking, and 70% were sold over asking.
Days on Market for Oceola Township, MI
How long does it take to sell a home in Oceola Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 7 Days | -20.6% |
Summary: Homes in Oceola Township had an average of 7 days on market in May 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Oceola Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.