Is Otisco Township, 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, Otisco Township has remained a Seller's Market.
Key Takeaway
Otisco Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Otisco Township, MI
How much do homes in Otisco Township, MI cost?
Median Sold Price
$278,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Otisco Township have sold for 29.3% more than they did a year ago.
Summary: The median home sold price in Otisco Township was $278,000 in March 2024, up 29.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $201.5K | $161K | -20.1% |
| 3 Bedrooms | $205K | $245K | +19.5% |
| 4 Bedrooms | $265K | $315K | +18.9% |
| 5+ Bedrooms | $310K | $380K | +22.6% |
Summary: Otisco Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.1%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
| Otisco Township | $215K | $278K | +29.3% |
| Belding | $181K | $215K | +18.8% |
| Eureka Township | $290K | $275.9K | -4.9% |
Housing Supply in Otisco Township, MI
How many homes are available in Otisco Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The Otisco Township real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Otisco 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Otisco 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 Otisco Township in March 2024, the same as the previous 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 Otisco Township, MI
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Otisco Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Otisco Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
