Is Three Oaks Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Three Oaks Township was a Seller's Market.
Key Takeaway
Three Oaks Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Three Oaks Township, MI
How much do homes in Three Oaks Township, MI cost?
Median Sold Price
$301,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Three Oaks Township have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Three Oaks Township was $301,000 in March 2024, up 19.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.8M | N/A |
| 2 Bedrooms | $172.5K | $277.5K | +60.9% |
| 3 Bedrooms | $251K | $272.2K | +8.5% |
| 4 Bedrooms | $289K | $457.5K | +58.3% |
| 5+ Bedrooms | $63.5K | - | N/A |
Summary: Three Oaks 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 60.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Union Pier | $637.3K | $775K | +21.6% |
| Three Oaks Township | $251K | $301K | +19.9% |
| Three Oaks | $251K | $301K | +19.9% |
| Chikaming Township | $600K | $601K | 0.2% |
Housing Supply in Three Oaks Township, MI
How many homes are available in Three Oaks Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Three Oaks Township real estate market had 19 homes for sale in March 2024, a 26.7% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Three Oaks 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 decreased by 25%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Oaks Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Three Oaks Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Three Oaks Township, MI
How long does it take to sell a home in Three Oaks Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 16 Days | -11.1% |
Summary: Homes in Three Oaks Township had an average of 16 days on market in Mar 2024, down by 11.1% compared to last year.
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 Three Oaks Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Three Oaks 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.