Is Green Oak Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Green Oak Township has remained a Seller's Market.
Housing Prices in Green Oak Township, MI
How much do homes in Green Oak Township, MI cost?
Median Sold Price
$430,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Green Oak Township was $430,000 in April 2024, up 10% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $183K | +4.6% |
2 Bedrooms | $190K | $194K | +2.1% |
3 Bedrooms | $360K | $392.8K | +9.1% |
4 Bedrooms | $502K | $512.5K | +2.1% |
5+ Bedrooms | $615K | $697.5K | +13.4% |
Summary: Green Oak Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
South Lyon | $397K | $440.2K | +10.9% |
Green Oak Township | $391K | $430K | +10.0% |
Northfield Township | $335K | $362.5K | +8.2% |
Whitmore Lake | $357.2K | $380K | +6.4% |
Lyon Charter Township | $524.9K | $550K | +4.8% |
Housing Supply in Green Oak Township, MI
How many homes are available in Green Oak Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 81 | +24.6% |
Summary: The Green Oak Township real estate market had 81 homes for sale in April 2024, a 24.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Green Oak Township 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 increased by 25%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Green Oak Township in April 2024, up by 64.3% month-over-month. Of the 23 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.
Days on Market for Green Oak Township, MI
How long does it take to sell a home in Green Oak Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 52 Days | +854.2% |
Summary: Homes in Green Oak Township had an average of 52 days on market in Apr 2024, up by 854.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Green Oak Township; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.