Is Owosso, 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, Owosso has remained a Seller's Market.
Housing Prices in Owosso, MI
How much do homes in Owosso, MI cost?
Median Sold Price
$150,025
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Owosso was $150,025 in April 2024, up 14.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59.5K | $64.5K | +8.4% |
2 Bedrooms | $109.9K | $130K | +18.3% |
3 Bedrooms | $138.4K | $163.2K | +17.9% |
4 Bedrooms | $155K | $177.5K | +14.5% |
5+ Bedrooms | $149.9K | $233K | +55.4% |
Summary: Owosso housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 55.4%.
Median Sold Price Compared To Nearby Cities
Owosso | $130.9K | $150K | +14.6% |
Caledonia Charter Township | $339K | $374.1K | +10.4% |
Owosso Charter Township | $145K | $150K | +3.4% |
Housing Supply in Owosso, MI
How many homes are available in Owosso, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 102 | +30.8% |
Summary: The Owosso real estate market had 102 homes for sale in April 2024, a 30.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 42 | 58 | +38.1% |
4 Bedrooms | 15 | 24 | +60.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Owosso housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 34 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Owosso in April 2024, up by 112.5% month-over-month. Of the 34 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Owosso, MI
How long does it take to sell a home in Owosso, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 31 Days | +30.9% |
Summary: Homes in Owosso had an average of 31 days on market in Apr 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Owosso; 74% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.