Is Oscoda County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oscoda County has remained a Seller'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
$113,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oscoda County have sold for 13.1% less than they did a year ago.
Summary: The median home sold price in Oscoda County was $113,000 in May 2024, down 13.1% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $79K | +25.4% |
| 2 Bedrooms | $84.5K | $90K | +6.5% |
| 3 Bedrooms | $165K | $146.2K | -11.4% |
| 4 Bedrooms | $265K | $170K | -35.8% |
| 5+ Bedrooms | $262.5K | $266K | +1.3% |
Summary: Oscoda County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 35.8%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Counties
| Crawford County | $168K | $199.5K | +18.8% |
| Alcona County | $155.9K | $175K | +12.3% |
| Ogemaw County | $139K | $155K | +11.5% |
| Montmorency County | $145K | $159.9K | +10.3% |
| Oscoda County | $130K | $113K | -13.1% |
Housing Supply in Oscoda County, MI
How many homes are available in Oscoda County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 61 | +15.1% |
Summary: The Oscoda County real estate market had 61 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Oscoda County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Oscoda County in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Oscoda County, MI
How long does it take to sell a home in Oscoda County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 3 Days | -62.5% |
Summary: Homes in Oscoda County had an average of 3 days on market in May 2024, down by 62.5% 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 Oscoda County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Oscoda County; 7% 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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