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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Owosso Charter Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Owosso Charter Township has remained a Seller's Market.

Key Takeaway

Owosso Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Owosso Charter Township, MI cost?

Median Sold Price

$188,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$24,250(+14.8%)

Key Takeaway

Homes in Owosso Charter Township have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $99.9K$180K
+80.2%
2 $126K$141K
+11.9%
3 $163.7K$208.9K
+27.6%
4 $267K$190K
-28.8%
5+ -$555K
N/A

Median Sold Price Compared To Nearby Cities

Caledonia Charter Township
+16.1%
Owosso Charter Township
+14.8%
Owosso
+8.3%
Bennington Township
+1.9%

How many homes are available in Owosso Charter Township, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
89+12.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 57
+40.0%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Owosso Charter Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

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

About Owosso Charter Township, MI

Owosso Charter Township, MI has 9 homes on the market. In November 2022 in Owosso Charter Township, MI there were 12.5% more homes for sale than in October 2022. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 80.2%, 2 bedrooms properties prices increased by 11.9%, 3 bedrooms properties became 27.6% more expensive, 4 bedrooms properties prices decreased by 28.8%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 40%, the quantity of 4 bedrooms homes went down by 50%, 5 bedrooms homes inventory did not change. In November 2022 more than 1 listings in Owosso Charter Township, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.

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