Is Ovid 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, Ovid Township has remained a Seller's Market.
Key Takeaway
Ovid Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ovid Township, MI
How much do homes in Ovid Township, MI cost?
Median Sold Price
$252,450
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ovid Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Ovid Township was $252,450 in April 2024, up 13.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382.5K | $497.5K | +30.1% |
| 2 Bedrooms | $237.5K | $276.2K | +16.3% |
| 3 Bedrooms | $202.5K | $230K | +13.6% |
| 4 Bedrooms | $235K | $306.5K | +30.4% |
| 5+ Bedrooms | $465K | $294.5K | -36.7% |
Summary: Ovid Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 36.7%.
Median Sold Price Compared To Nearby Cities
| Ovid Township | $222.5K | $252.4K | +13.5% |
| Coldwater Township | $182.5K | $205K | +12.3% |
| Algansee Township | $280K | $250.9K | -10.4% |
Housing Supply in Ovid Township, MI
How many homes are available in Ovid Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Ovid Township real estate market had 22 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ovid 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 decreased by 20%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ovid Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ovid Township in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Ovid Township, MI
How long does it take to sell a home in Ovid Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 85 Days | +2754.2% |
Summary: Homes in Ovid Township had an average of 85 days on market in Apr 2024, up by 2754.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ovid Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Ovid Township; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.