Is Oceana County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oceana County has remained a Seller's Market.
Housing Prices in Oceana County, MI
How much do homes in Oceana County, MI cost?
Median Sold Price
$243,333
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oceana County was $243,333 in April 2024, up 15.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $106.2K | -9.6% |
2 Bedrooms | $165K | $176.5K | +7.0% |
3 Bedrooms | $209K | $275K | +31.6% |
4 Bedrooms | $280K | $249.9K | -10.8% |
5+ Bedrooms | $400K | $370K | -7.5% |
Summary: Oceana County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Counties
Oceana County | $210K | $243.3K | +15.9% |
Lake County | $134.9K | $150K | +11.2% |
Mason County | $234K | $254.4K | +8.7% |
Muskegon County | $198K | $214.9K | +8.5% |
Newaygo County | $206K | $220.7K | +7.1% |
Housing Supply in Oceana County, MI
How many homes are available in Oceana County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 99 | +22.2% |
Summary: The Oceana County real estate market had 99 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 41 | 50 | +22.0% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Oceana County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Oceana County in April 2024, up by 20.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Oceana County, MI
How long does it take to sell a home in Oceana County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 32 Days | +71.0% |
Summary: Homes in Oceana County had an average of 32 days on market in Apr 2024, up by 71% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Oceana County; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.