Is Oscoda Charter 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, Oscoda Charter Township was a Neutral Market.
Housing Prices in Oscoda Charter Township, MI
How much do homes in Oscoda Charter Township, MI cost?
Median Sold Price
$163,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oscoda Charter Township was $163,000 in March 2024, up 14% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57.1K | $75K | +31.3% |
2 Bedrooms | $155.9K | $139.5K | -10.5% |
3 Bedrooms | $115K | $163K | +41.7% |
4 Bedrooms | $226.5K | $200K | -11.7% |
5+ Bedrooms | $302.5K | $175K | -42.1% |
Summary: Oscoda Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 42.1%.
Median Sold Price Compared To Nearby Cities
Oscoda Charter Township | $142.9K | $163K | +14.0% |
Oscoda | $132K | $147K | +11.4% |
Housing Supply in Oscoda Charter Township, MI
How many homes are available in Oscoda Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 25 | -13.8% |
Summary: The Oscoda Charter Township real estate market had 25 homes for sale in March 2024, a 13.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Oscoda Charter 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 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Oscoda Charter Township in March 2024, down by 16.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Oscoda Charter Township, MI
How long does it take to sell a home in Oscoda Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
234 Days | 62 Days | -73.2% |
Summary: Homes in Oscoda Charter Township had an average of 62 days on market in Mar 2024, down by 73.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Oscoda Charter Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.