Is Ossineke Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ossineke Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Ossineke Township was a Neutral Market.

Key Takeaway

Ossineke Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ossineke Township, MI

How much do homes in Ossineke Township, MI cost?

Median Sold Price

$159,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,000(+6.0%)

Key Takeaway

Homes in Ossineke Township have sold for 6% more than they did a year ago.

Summary: The median home sold price in Ossineke Township was $159,000 in May 2024, up 6% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $55K$170K
+209.0%
2 $124.2K$206.6K
+66.3%
3 $148.5K$145K
-2.4%
4 $200K$140K
-30.0%
5+ -$880K
N/A

Summary: Ossineke Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209%, 2 bedroom homes increased by 66.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lachine
+51.9%
Ossineke Township
+6.0%
Caledonia Township
+4.5%

Housing Supply in Ossineke Township, MI

How many homes are available in Ossineke Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1110-9.1%

Summary: The Ossineke Township real estate market had 10 homes for sale in May 2024, a 9.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 77
0.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The Ossineke Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ossineke Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Ossineke Township in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Ossineke Township, MI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 20 Days Ago

Newest Listings in Ossineke Township, MI

Nearby Markets to Ossineke Township, MI

What housing markets are near Ossineke Township, MI?