Is Oscoda County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oscoda County was a Buyer's Market.
Key Takeaway
Oscoda County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oscoda County, MI
How much do homes in Oscoda County, MI cost?
Median Sold Price
$112,500
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oscoda County have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Oscoda County was $112,500 in April 2024, down 6.3% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | $80.2K | +32.6% |
| 2 Bedrooms | $84.5K | $90K | +6.5% |
| 3 Bedrooms | $167.5K | $147.5K | -11.9% |
| 4 Bedrooms | $200K | $170K | -15.0% |
| 5+ Bedrooms | $262.5K | $6.0M | +2217.3% |
Summary: Oscoda County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.6%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 2217.3%.
Median Sold Price Compared To Nearby Counties
| Crawford County | $170K | $199.1K | +17.1% |
| Alcona County | $152.9K | $172K | +12.5% |
| Montmorency County | $147.2K | $159.4K | +8.3% |
| Ogemaw County | $142K | $148.5K | +4.6% |
| Oscoda County | $120K | $112.5K | -6.3% |
Housing Supply in Oscoda County, MI
How many homes are available in Oscoda County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 53 | +29.3% |
Summary: The Oscoda County real estate market had 53 homes for sale in April 2024, a 29.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 19 | 27 | +42.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oscoda 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 11.8%, 3 bedroom homes increased by 42.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oscoda County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oscoda County in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Oscoda County, MI
How long does it take to sell a home in Oscoda County, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oscoda County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Oscoda County; 17% 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.
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