Is Oakfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Oakfield Township was a Seller's Market.
Housing Prices in Oakfield Township, MI
How much do homes in Oakfield Township, MI cost?
Median Sold Price
$322,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oakfield Township was $322,000 in March 2024, up 2.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | - | N/A |
2 Bedrooms | $295K | $312.5K | +5.9% |
3 Bedrooms | $305K | $305K | 0.0% |
4 Bedrooms | $324.7K | $363.9K | +12.1% |
5+ Bedrooms | $409.9K | $432.5K | +5.5% |
Summary: Oakfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Grattan Township | $349.9K | $469K | +34.0% |
Oakfield Township | $315K | $322K | +2.2% |
Spencer Township | $293.4K | $289.9K | -1.2% |
Eureka Township | $290K | $275.9K | -4.9% |
Gowen | $296K | $250K | -15.5% |
Housing Supply in Oakfield Township, MI
How many homes are available in Oakfield Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Oakfield Township real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 3 | 10 | +233.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oakfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 233.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Oakfield Township in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oakfield Township, MI
How long does it take to sell a home in Oakfield Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 29 Days | -44.2% |
Summary: Homes in Oakfield Township had an average of 29 days on market in Mar 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Oakfield Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.