Is Osceola County, 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, Osceola County has remained a Seller's Market.
Key Takeaway
Osceola County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Osceola County, MI
How much do homes in Osceola County, MI cost?
Median Sold Price
$165,562
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Osceola County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Osceola County was $165,562 in March 2024, up 6.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $100K | +2.0% |
| 2 Bedrooms | $125K | $142.1K | +13.7% |
| 3 Bedrooms | $160K | $169.9K | +6.2% |
| 4 Bedrooms | $160K | $214K | +33.8% |
| 5+ Bedrooms | $396K | $259K | -34.6% |
Summary: Osceola County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $169.9K | $215.5K | +26.8% |
| Missaukee County | $183.7K | $215K | +17.0% |
| Lake County | $130K | $150K | +15.4% |
| Osceola County | $155K | $165.5K | +6.8% |
| Clare County | $130K | $130K | 0.0% |
Housing Supply in Osceola County, MI
How many homes are available in Osceola County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 98 | +14.0% |
Summary: The Osceola County real estate market had 98 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 24 | 35 | +45.8% |
| 4 Bedrooms | 20 | 13 | -35.0% |
| 5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The Osceola County 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 increased by 3.3%, 3 bedroom homes increased by 45.8%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Osceola County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Osceola County in March 2024, up by 50.0% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Osceola County, MI
How long does it take to sell a home in Osceola County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 66 Days | -14.1% |
Summary: Homes in Osceola County had an average of 66 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Osceola County has remained consistent over time.
Summary: During March 2024, 24 homes were sold in Osceola County; 29% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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