Is Oscoda County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oscoda County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Oscoda County has remained a Seller's Market.

Key Takeaway

Oscoda County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oscoda County, MI cost?

Median Sold Price

$112,000

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$27,000(+31.8%)

Key Takeaway

Homes in Oscoda County have sold for 31.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $39.9K$62.5K
+56.6%
2 $68.5K$77.9K
+13.8%
3 $105.3K$140K
+32.9%
4 $245K$238.9K
-2.5%
5+ $240K$230K
-4.2%

Median Sold Price Compared To Nearby Counties

Oscoda County
+31.8%
Alcona County
+19.6%
Montmorency County
+8.2%
Crawford County
+4.2%
Ogemaw County
+4.2%

How many homes are available in Oscoda County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
6975+8.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 35
+66.7%
2 2425
+4.2%
3 3035
+16.7%
4 108
-20.0%
5+ 22
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
1019+90.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oscoda County, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
48 Days40 Days-16.2%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oscoda County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Oscoda County, MI

Oscoda County, MI has 75 homes on the market. The number of listings in Oscoda County, MI increased by 8.7% between July 2022 and August 2022. In August 2022, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $112,000. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 56.6%, 2 bedrooms properties prices increased by 13.8%, the cost of 3 bedrooms properties went up by 32.9%, prices of 4 bedrooms properties decreased by 2.5%, prices of 5 bedrooms properties decreased by 4.2%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 66.7%, the quantity of 2 bedrooms homes went up by 4.2%, number of 3 bedrooms homes increased by 16.7%, the quantity of 4 bedrooms homes went down by 20%, number of 5 bedrooms homes remained the same. In August 2022, from all listings sold in Oscoda County, MI there were more than 3 sold above asking price, over 10 sold below and more than 6 were sold right at the asked price.

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