Is Oakland Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oakland Charter Township has remained a Seller's Market.
Housing Prices in Oakland Charter Township, MI
How much do homes in Oakland Charter Township, MI cost?
Median Sold Price
$595,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oakland Charter Township was $595,000 in March 2024, down 0.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $258.5K | $285K | +10.3% |
3 Bedrooms | $440K | $500K | +13.6% |
4 Bedrooms | $647K | $720K | +11.3% |
5+ Bedrooms | $875K | $1.0M | +14.9% |
Summary: Oakland Charter 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 10.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
Oakland | $585K | $740K | +26.5% |
Rochester Hills | $395.2K | $412.6K | +4.4% |
Washington | $427K | $425K | -0.5% |
Oakland Charter Township | $598.5K | $595K | -0.6% |
Orion Charter Township | $375K | $370.8K | -1.1% |
Housing Supply in Oakland Charter Township, MI
How many homes are available in Oakland Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 69 | +21.1% |
Summary: The Oakland Charter Township real estate market had 69 homes for sale in March 2024, a 21.1% 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 | 6 | 8 | +33.3% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 27 | 34 | +25.9% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Oakland Charter 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 17 | +88.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Oakland Charter Township in March 2024, up by 88.9% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.
Days on Market for Oakland Charter Township, MI
How long does it take to sell a home in Oakland Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
130 Days | 42 Days | -67.4% |
Summary: Homes in Oakland Charter Township had an average of 42 days on market in Mar 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Oakland Charter Township; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.