Is Oceana County, 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, Oceana County was a Neutral Market.
Key Takeaway
Oceana County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceana County, MI
How much do homes in Oceana County, MI cost?
Median Sold Price
$237,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oceana County have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Oceana County was $237,000 in March 2024, up 10.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.5K | $125K | +29.5% |
| 2 Bedrooms | $165K | $176K | +6.7% |
| 3 Bedrooms | $214K | $260K | +21.5% |
| 4 Bedrooms | $280K | $259.9K | -7.2% |
| 5+ Bedrooms | $400K | $420K | +5.0% |
Summary: Oceana County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Counties
| Lake County | $130K | $150K | +15.4% |
| Oceana County | $214.3K | $237K | +10.6% |
| Muskegon County | $199.8K | $212.9K | +6.5% |
| Newaygo County | $207.7K | $220.2K | +6.0% |
| Mason County | $237.4K | $250K | +5.3% |
Housing Supply in Oceana County, MI
How many homes are available in Oceana County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 86 | -4.4% |
Summary: The Oceana County real estate market had 86 homes for sale in March 2024, a 4.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Oceana County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceana County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Oceana County in March 2024, down by 19.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for Oceana County, MI
How long does it take to sell a home in Oceana County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 58 Days | +1.0% |
Summary: Homes in Oceana County had an average of 58 days on market in Mar 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oceana County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Oceana County; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.