$2,671 Closing Credit*
$224,900
1,372 SqFt
3 Beds
•2 Full Baths
Katherine Kidder, Listing Office: Berkshire Hathaway HomeServices Michigan Real Esta
Is Olive Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Olive Township has remained a Seller's Market.
Key Takeaway
Olive Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olive Township, MI
How much do homes in Olive Township, MI cost?
Median Sold Price
$396,250
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$75,750(+23.6%)
Key Takeaway
Homes in Olive Township have sold for 23.6% more than they did a year ago.
Summary: The median home sold price in Olive Township was $396,250 in September 2024, up 23.6% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $227.1K | N/A |
| 2 Bedrooms | $350K | $300.6K | -14.1% |
| 3 Bedrooms | $295K | $380K | +28.8% |
| 4 Bedrooms | $429.9K | $463.7K | +7.9% |
| 5+ Bedrooms | $452.4K | $764.9K | +69.1% |
Summary: Olive Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 69.1%.
Median Sold Price Compared To Nearby Cities
| Olive Township | $320.5K | $396.2K | +23.6% |
| West Olive | $425K | $475K | +11.8% |
| Holland | $318.7K | $346K | +8.6% |
| Blendon Township | $465.5K | $470K | +1.0% |
| Robinson Township | $364.9K | $363.9K | -0.3% |
Housing Supply in Olive Township, MI
How many homes are available in Olive Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Olive Township real estate market had 15 homes for sale in September 2024, a 6.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Olive Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olive Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Olive Township in September 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Olive Township, MI
How long does it take to sell a home in Olive Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 21 Days | +113.3% |
Summary: Homes in Olive Township had an average of 21 days on market in Sep 2024, up by 113.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olive Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Olive Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
