Is Ovid Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ovid Township was a Seller's Market.
Key Takeaway
Ovid Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ovid Township, MI
How much do homes in Ovid Township, MI cost?
Median Sold Price
$249,900
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ovid Township have sold for 19% more than they did a year ago.
Summary: The median home sold price in Ovid Township was $249,900 in May 2024, up 19% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $497.5K | +282.7% |
| 2 Bedrooms | $205K | $276.2K | +34.8% |
| 3 Bedrooms | $200K | $232.4K | +16.2% |
| 4 Bedrooms | $255K | $258K | +1.2% |
| 5+ Bedrooms | $617.5K | $280K | -54.7% |
Summary: Ovid Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 282.7%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 54.7%.
Median Sold Price Compared To Nearby Cities
| Ovid Township | $210K | $249.9K | +19.0% |
| Coldwater Township | $185K | $205K | +10.8% |
| Quincy Township | $177.5K | $184.9K | +4.2% |
Housing Supply in Ovid Township, MI
How many homes are available in Ovid Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Ovid Township real estate market had 22 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ovid Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ovid Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ovid Township in May 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 175 Days | 25 Days | -85.8% |
Summary: Homes in Ovid Township had an average of 25 days on market in May 2024, down by 85.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 May 2024, 1 homes were sold in Ovid Township; 100% 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.
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.