$1,663 Closing Credit*
$140,000
1,008 SqFt
3 Beds
•1 Full Bath
JESSICA BURGHER, Listing Office: MORRIS-RICHARDSON RE
Is Ogemaw County, 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, Ogemaw County has remained a Seller's Market.
Key Takeaway
Ogemaw County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ogemaw County, MI
How much do homes in Ogemaw County, MI cost?
Median Sold Price
$165,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,100(+10.1%)
Key Takeaway
Homes in Ogemaw County have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Ogemaw County was $165,000 in October 2024, up 10.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.5K | $85K | +8.3% |
| 2 Bedrooms | $92.5K | $119K | +28.6% |
| 3 Bedrooms | $165K | $192K | +16.4% |
| 4 Bedrooms | $267.5K | $279.5K | +4.5% |
| 5+ Bedrooms | $271K | $329K | +21.4% |
Summary: Ogemaw County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $152K | $190K | +25.0% |
| Oscoda County | $111.5K | $128K | +14.8% |
| Ogemaw County | $149.9K | $165K | +10.1% |
| Alcona County | $168.5K | $179.9K | +6.8% |
| Arenac County | $153K | $160K | +4.6% |
Housing Supply in Ogemaw County, MI
How many homes are available in Ogemaw County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 129 | -1.5% |
Summary: The Ogemaw County real estate market had 129 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 39 | 33 | -15.4% |
| 3 Bedrooms | 58 | 65 | +12.1% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Ogemaw County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ogemaw County, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Ogemaw County in October 2024, the same as the previous month. Of the 28 sold homes, 79% were sold under asking, 4% were sold at asking, and 18% were sold over asking.
Days on Market for Ogemaw County, MI
How long does it take to sell a home in Ogemaw County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 92 Days | +39.0% |
Summary: Homes in Ogemaw County had an average of 92 days on market in Oct 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ogemaw County has remained consistent over time.
Summary: During October 2024, 28 homes were sold in Ogemaw County; 14% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved