Is Olive Township, 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, Olive Township was a Seller's Market.
Housing Prices in Olive Township, MI
How much do homes in Olive Township, MI cost?
Median Sold Price
$383,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Olive Township was $383,000 in March 2024, up 8.2% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $385K | $315K | -18.2% |
3 Bedrooms | $300K | $366K | +22.0% |
4 Bedrooms | $450K | $480K | +6.7% |
5+ Bedrooms | $425K | $439.9K | +3.5% |
Summary: Olive 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 decreased by 18.2%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Blendon Township | $377.4K | $432.5K | +14.6% |
Holland | $305K | $335K | +9.8% |
Olive Township | $354K | $383K | +8.2% |
West Olive | $450K | $425K | -5.6% |
Housing Supply in Olive Township, MI
How many homes are available in Olive Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Summary: The Olive Township real estate market had 6 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Olive 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 increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Olive Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Olive Township, MI
How long does it take to sell a home in Olive Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Olive 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.