$4,155 Closing Credit*
$349,900
1,560 SqFt
3 Beds
•3 Full Baths, 1 Partial
Tim Sova, Listing Office: RE/MAX Platinum
Is Oceola 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, Oceola Township has remained a Seller's Market.
Key Takeaway
Oceola Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceola Township, MI
How much do homes in Oceola Township, MI cost?
Median Sold Price
$400,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,500(+3.8%)
Key Takeaway
Homes in Oceola Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Oceola Township was $400,500 in October 2024, up 3.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $271K | $310K | +14.4% |
| 3 Bedrooms | $350K | $359.5K | +2.7% |
| 4 Bedrooms | $415.7K | $442K | +6.3% |
| 5+ Bedrooms | $490K | $440K | -10.2% |
Summary: Oceola 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 14.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Genoa Township | $385K | $416K | +8.1% |
| Oceola Township | $386K | $400.5K | +3.8% |
| Howell | $350.8K | $360.2K | +2.7% |
| Howell Township | $351.1K | $360K | +2.5% |
| Deerfield Township | $284.8K | $287.4K | +0.9% |
Housing Supply in Oceola Township, MI
How many homes are available in Oceola Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 52 | -8.8% |
Summary: The Oceola Township real estate market had 52 homes for sale in October 2024, a 8.8% decrease 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Oceola 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 decreased by 42.9%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oceola Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oceola Township in October 2024, down by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 28 Days | +167.5% |
Summary: Homes in Oceola Township had an average of 28 days on market in Oct 2024, up by 167.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oceola Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Oceola Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
