$5,041 Closing Credit*
$424,490
1,856 SqFt
3 Beds
•2 Full Baths
Anthony Lombardo, Listing Office: Lombardo Realty
Is Oceola Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Oceola Township was a Seller's Market.
Key Takeaway
Oceola Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oceola Township, MI
How much do homes in Oceola Township, MI cost?
Median Sold Price
$410,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+6.2%)
Key Takeaway
Homes in Oceola Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Oceola Township was $410,000 in November 2024, up 6.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $271K | $310K | +14.4% |
| 3 Bedrooms | $349.5K | $367.5K | +5.2% |
| 4 Bedrooms | $423.2K | $450K | +6.3% |
| 5+ Bedrooms | $490K | $425K | -13.3% |
Summary: Oceola Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Genoa Township | $380K | $420K | +10.5% |
| Oceola Township | $386K | $410K | +6.2% |
| Deerfield Township | $272.5K | $287.4K | +5.5% |
| Howell | $350K | $360.6K | +3.0% |
| Howell Township | $350K | $360.1K | +2.9% |
Housing Supply in Oceola Township, MI
How many homes are available in Oceola Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Summary: The Oceola Township real estate market had 49 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Oceola Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceola Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Oceola Township in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Oceola Township, MI
How long does it take to sell a home in Oceola Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 42 Days | +89.9% |
Summary: Homes in Oceola Township had an average of 42 days on market in Nov 2024, up by 89.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oceola Township has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Oceola Township; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.