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 April 2023
Since last year, Three Oaks Township has remained a Buyer'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
$301,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Three Oaks Township have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in Three Oaks Township was $301,500 in April 2024, up 22.1% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.8M | N/A |
| 2 Bedrooms | $172.5K | $277.5K | +60.9% |
| 3 Bedrooms | $216.9K | $288K | +32.8% |
| 4 Bedrooms | $298K | $570K | +91.3% |
| 5+ Bedrooms | $63.5K | - | N/A |
Summary: Three Oaks 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 increased by 60.9%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 91.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Three Oaks Township | $247K | $301.5K | +22.1% |
| Three Oaks | $247K | $301.5K | +22.1% |
| Chikaming Township | $601K | $599.5K | -0.2% |
Housing Supply in Three Oaks Township, MI
How many homes are available in Three Oaks Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Summary: The Three Oaks Township real estate market had 24 homes for sale in April 2024, a 50.0% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Three Oaks 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 increased by 66.7%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Three Oaks Township in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Three Oaks Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Three Oaks Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
