Is Oshtemo Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oshtemo Charter Township was a Seller's Market.
Key Takeaway
Oshtemo Charter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oshtemo Charter Township, MI
How much do homes in Oshtemo Charter Township, MI cost?
Median Sold Price
$324,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oshtemo Charter Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Oshtemo Charter Township was $324,950 in April 2024, up 1.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.1K | - | N/A |
| 2 Bedrooms | $265K | $271.9K | +2.6% |
| 3 Bedrooms | $300K | $301.2K | 0.4% |
| 4 Bedrooms | $382.2K | $402.8K | +5.4% |
| 5+ Bedrooms | $495K | $577.5K | +16.7% |
Summary: Oshtemo Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Kalamazoo | $185.3K | $222K | +19.8% |
| Kalamazoo Charter Township | $190.8K | $221.9K | +16.3% |
| Cooper Charter Township | $229K | $260K | +13.5% |
| Oshtemo Charter Township | $320K | $324.9K | +1.5% |
Housing Supply in Oshtemo Charter Township, MI
How many homes are available in Oshtemo Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 77 | 80 | +3.9% |
Summary: The Oshtemo Charter Township real estate market had 80 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Oshtemo Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oshtemo Charter Township, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oshtemo Charter Township in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Oshtemo Charter Township, MI
How long does it take to sell a home in Oshtemo Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 1 Day | 6 Days | +500.0% |
Summary: Homes in Oshtemo Charter Township had an average of 6 days on market in Apr 2024, up by 500% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oshtemo Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Oshtemo Charter Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.