$3,502 Closing Credit*
$294,900
1,142 SqFt
2 Beds
•2 Full Baths
Andrew F Colburn, Listing Office: The Drew Colburn Real Estate Group
Is Oakland Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oakland Charter Township has remained a Seller's Market.
Key Takeaway
Oakland Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakland Charter Township, MI
How much do homes in Oakland Charter Township, MI cost?
Median Sold Price
$630,750
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,750(+1.7%)
Key Takeaway
Homes in Oakland Charter Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Oakland Charter Township was $630,750 in October 2024, up 1.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269K | $295K | +9.7% |
| 3 Bedrooms | $479K | $525K | +9.6% |
| 4 Bedrooms | $740K | $665K | -10.1% |
| 5+ Bedrooms | $1.0M | $907.5K | -11.7% |
Summary: Oakland Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Rochester Hills | $403.4K | $430K | +6.6% |
| Washington | $430K | $450K | +4.7% |
| Orion Charter Township | $380K | $392K | +3.1% |
| Oakland Charter Township | $620K | $630.7K | +1.7% |
| Oakland | $744.5K | $665K | -10.7% |
Housing Supply in Oakland Charter Township, MI
How many homes are available in Oakland Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 89 | +2.3% |
Summary: The Oakland Charter Township real estate market had 89 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 39 | 37 | -5.1% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Oakland Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland Charter Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Oakland Charter Township in October 2024, up by 10.0% month-over-month. Of the 22 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Oakland Charter Township, MI
How long does it take to sell a home in Oakland Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 24 Days | -56.8% |
Summary: Homes in Oakland Charter Township had an average of 24 days on market in Oct 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oakland Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Oakland Charter Township; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.