Is Odessa 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, Odessa Township has remained a Seller's Market.
Housing Prices in Odessa Township, MI
How much do homes in Odessa Township, MI cost?
Median Sold Price
$187,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Odessa Township was $187,000 in March 2024, up 1.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $310K | N/A |
2 Bedrooms | $153.5K | $189K | +23.1% |
3 Bedrooms | $175K | $180K | +2.9% |
4 Bedrooms | $185K | $225K | +21.6% |
5+ Bedrooms | $285K | $162.6K | -42.9% |
Summary: Odessa 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 23.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 42.9%.
Median Sold Price Compared To Nearby Cities
Woodland Township | $225K | $287K | +27.6% |
Lake Odessa | $182.5K | $218.5K | +19.7% |
Odessa Township | $183.5K | $187K | +1.9% |
Housing Supply in Odessa Township, MI
How many homes are available in Odessa Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Summary: The Odessa Township real estate market had 5 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 | 2 | 0.0% |
3 Bedrooms | 3 | 1 | -66.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Odessa 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
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 Odessa Township in March 2024, the same as the previous 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 Odessa Township, MI
How long does it take to sell a home in Odessa Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
4 Days | 12 Days | +212.5% |
Summary: Homes in Odessa Township had an average of 12 days on market in Mar 2024, up by 212.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Odessa Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.