Is Oakview, 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, Oakview has remained a Seller's Market.
Housing Prices in Oakview, MI
How much do homes in Oakview, MI cost?
Median Sold Price
$129,250
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oakview was $129,250 in March 2024, up 22% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.5K | $35K | -53.0% |
2 Bedrooms | $91K | $128.5K | +41.2% |
3 Bedrooms | $150K | $133K | -11.3% |
4 Bedrooms | $142K | $140K | -1.4% |
5+ Bedrooms | $165K | - | N/A |
Summary: Oakview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53%, 2 bedroom homes increased by 41.2%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Oakview | $105.9K | $129.2K | +22.0% |
Sheldon Park | $135.6K | $145K | +6.9% |
Housing Supply in Oakview, MI
How many homes are available in Oakview, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Summary: The Oakview real estate market had 8 homes for sale in March 2024, a 27.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oakview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Oakview in March 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Oakview, MI
How long does it take to sell a home in Oakview, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 40 Days | +170.0% |
Summary: Homes in Oakview had an average of 40 days on market in Mar 2024, up by 170% 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 Oakview; 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.