Is Olive Township, 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, Olive Township has remained a Seller's Market.
Housing Prices in Olive Township, MI
How much do homes in Olive Township, MI cost?
Median Sold Price
$397,500
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olive Township was $397,500 in April 2024, up 19.4% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $385K | $315K | -18.2% |
3 Bedrooms | $297.5K | $370.3K | +24.5% |
4 Bedrooms | $450K | $454.9K | +1.1% |
5+ Bedrooms | $425K | $439.9K | +3.5% |
Summary: Olive Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Olive Township | $333K | $397.5K | +19.4% |
Blendon Township | $389K | $435.1K | +11.9% |
Holland | $305.8K | $338.1K | +10.6% |
Robinson Township | $343K | $342.5K | -0.1% |
West Olive | $449K | $434.9K | -3.1% |
Housing Supply in Olive Township, MI
How many homes are available in Olive Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Olive Township real estate market had 7 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Olive Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Olive Township in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Olive Township, MI
How long does it take to sell a home in Olive Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 16 Days | +33.3% |
Summary: Homes in Olive Township had an average of 16 days on market in Apr 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Olive Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.