Is Olivet, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Olivet was a Neutral Market.
Housing Prices in Olivet, MI
How much do homes in Olivet, MI cost?
Median Sold Price
$196,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olivet was $196,000 in April 2024, up 13% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $115K | -53.3% |
2 Bedrooms | $160K | $168K | +5.0% |
3 Bedrooms | $159.5K | $197.9K | +24.1% |
4 Bedrooms | $304.5K | $223.5K | -26.6% |
5+ Bedrooms | $175K | $452.5K | +158.6% |
Summary: Olivet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes increased by 158.6%.
Median Sold Price Compared To Nearby Cities
Walton Township | $197K | $224.5K | +14.0% |
Olivet | $173.5K | $196K | +13.0% |
Housing Supply in Olivet, MI
How many homes are available in Olivet, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Summary: The Olivet real estate market had 16 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Olivet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Olivet in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Olivet, MI
How long does it take to sell a home in Olivet, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 20 Days | -41.3% |
Summary: Homes in Olivet had an average of 20 days on market in Apr 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Olivet; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.