Is Oceola 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, Oceola Township has remained a Seller's Market.
Key Takeaway
Oceola Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceola Township, MI
How much do homes in Oceola Township, MI cost?
Median Sold Price
$390,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oceola Township have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Oceola Township was $390,500 in March 2024, up 3.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $288K | +2.9% |
| 3 Bedrooms | $345K | $365K | +5.8% |
| 4 Bedrooms | $415K | $445.9K | +7.4% |
| 5+ Bedrooms | $515K | $480K | -6.8% |
Summary: Oceola 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 2.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Genoa Township | $360K | $401.2K | +11.5% |
| Howell | $330K | $353.9K | +7.3% |
| Howell Township | $334.9K | $354.4K | +5.8% |
| Oceola Township | $377K | $390.5K | +3.6% |
| Deerfield Township | $305K | $269.9K | -11.5% |
Housing Supply in Oceola Township, MI
How many homes are available in Oceola Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Oceola Township real estate market had 22 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Oceola 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceola Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Oceola Township in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Oceola Township, MI
How long does it take to sell a home in Oceola Township, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oceola Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Oceola Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
