Is Ovid 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, Ovid Township has remained a Seller's Market.
Housing Prices in Ovid Township, MI
How much do homes in Ovid Township, MI cost?
Median Sold Price
$256,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ovid Township was $256,500 in March 2024, up 14% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $382.5K | - | N/A |
2 Bedrooms | $237.5K | $272.5K | +14.7% |
3 Bedrooms | $207K | $234.9K | +13.5% |
4 Bedrooms | $235K | $275K | +17.0% |
5+ Bedrooms | $533.7K | $309K | -42.1% |
Summary: Ovid 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 increased by 14.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 42.1%.
Median Sold Price Compared To Nearby Cities
Coldwater Township | $178.7K | $205K | +14.7% |
Ovid Township | $225K | $256.5K | +14.0% |
Algansee Township | $280K | $222K | -20.7% |
Housing Supply in Ovid Township, MI
How many homes are available in Ovid Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The Ovid Township real estate market had 23 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ovid Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ovid Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Ovid Township, MI
How long does it take to sell a home in Ovid Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
104 Days | 65 Days | -37.4% |
Summary: Homes in Ovid Township had an average of 65 days on market in Mar 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Ovid Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.