Is Oshtemo Charter Township, 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, Oshtemo Charter Township was a Seller's Market.
Housing Prices in Oshtemo Charter Township, MI
How much do homes in Oshtemo Charter Township, MI cost?
Median Sold Price
$324,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oshtemo Charter Township was $324,950 in April 2024, up 1.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.1K | - | N/A |
2 Bedrooms | $265K | $271.9K | +2.6% |
3 Bedrooms | $300K | $301.2K | 0.4% |
4 Bedrooms | $382.2K | $402.8K | +5.4% |
5+ Bedrooms | $495K | $577.5K | +16.7% |
Summary: Oshtemo Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
Kalamazoo | $185.3K | $222K | +19.8% |
Kalamazoo Charter Township | $190.8K | $221.9K | +16.3% |
Cooper Charter Township | $229K | $260K | +13.5% |
Oshtemo Charter Township | $320K | $324.9K | +1.5% |
Housing Supply in Oshtemo Charter Township, MI
How many homes are available in Oshtemo Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 80 | +3.9% |
Summary: The Oshtemo Charter Township real estate market had 80 homes for sale in April 2024, a 3.9% 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 | 28 | 26 | -7.1% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Oshtemo Charter 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 decreased by 7.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Oshtemo Charter Township in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Oshtemo Charter Township, MI
How long does it take to sell a home in Oshtemo Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
1 Day | 6 Days | +500.0% |
Summary: Homes in Oshtemo Charter Township had an average of 6 days on market in Apr 2024, up by 500% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Oshtemo Charter Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.