Is Oscoda Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Oscoda Charter Township was a Buyer's Market.
Key Takeaway
Oscoda Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oscoda Charter Township, MI
How much do homes in Oscoda Charter Township, MI cost?
Median Sold Price
$161,500
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oscoda Charter Township have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in Oscoda Charter Township was $161,500 in May 2024, up 24.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.1K | $76.7K | +34.4% |
| 2 Bedrooms | $150K | $157.5K | +5.0% |
| 3 Bedrooms | $115K | $163.5K | +42.2% |
| 4 Bedrooms | $233K | $177K | -24.0% |
| 5+ Bedrooms | $210K | $162K | -22.9% |
Summary: Oscoda Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 42.2%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Oscoda Charter Township | $130K | $161.5K | +24.2% |
| Oscoda | $120K | $148K | +23.3% |
| Mikado Township | $219.9K | $155K | -29.5% |
Housing Supply in Oscoda Charter Township, MI
How many homes are available in Oscoda Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The Oscoda Charter Township real estate market had 33 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Oscoda Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oscoda Charter Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Oscoda Charter Township in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Oscoda Charter Township, MI
How long does it take to sell a home in Oscoda Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 59 Days | +892.9% |
Summary: Homes in Oscoda Charter Township had an average of 59 days on market in May 2024, up by 892.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oscoda Charter Township has remained consistent over time.
Summary: During May 2024, 9 homes were sold in Oscoda Charter Township; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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