$4,749 Closing Credit*
$399,900
2,121 SqFt
4 Beds
•3 Full Baths, 1 Partial
Clinton W Maki, Listing Office: Five Star Real Estate (Grandv)
Is Odessa 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, Odessa Township has remained a Seller's Market.
Key Takeaway
Odessa Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Odessa Township, MI
How much do homes in Odessa Township, MI cost?
Median Sold Price
$196,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,900(-2.0%)
Key Takeaway
Homes in Odessa Township have sold for 2% less than they did a year ago.
Summary: The median home sold price in Odessa Township was $196,000 in October 2024, down 2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $278.7K | -10.1% |
| 2 Bedrooms | $250K | $180.5K | -27.8% |
| 3 Bedrooms | $190K | $196K | +3.2% |
| 4 Bedrooms | $185K | $222.2K | +20.1% |
| 5+ Bedrooms | $242.4K | $284K | +17.2% |
Summary: Odessa Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Odessa Township | $199.9K | $196K | -2.0% |
| Lake Odessa | $225K | $217.5K | -3.3% |
Housing Supply in Odessa Township, MI
How many homes are available in Odessa Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Odessa Township real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Odessa Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Odessa Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Odessa Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Odessa Township, MI
How long does it take to sell a home in Odessa Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 7 Days | -29.3% |
Summary: Homes in Odessa Township had an average of 7 days on market in Oct 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Odessa Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Odessa 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.