$2,138 Closing Credit*
$180,000
1,382 SqFt
4 Beds
•1 Full Bath
Aldo Bartolomeo Jr, Listing Office: Excaliber Realty
Is Ogemaw County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,850(+14.5%)
Key Takeaway
Homes in Ogemaw County have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Ogemaw County was $165,000 in November 2024, up 14.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78K | $90K | +15.4% |
| 2 Bedrooms | $100K | $119K | +19.0% |
| 3 Bedrooms | $186.5K | $177.5K | -4.8% |
| 4 Bedrooms | $222.5K | $259K | +16.4% |
| 5+ Bedrooms | $271K | $280K | +3.3% |
Summary: Ogemaw County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 19%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $159.9K | $191.1K | +19.5% |
| Oscoda County | $112K | $130K | +16.1% |
| Ogemaw County | $144.1K | $165K | +14.5% |
| Arenac County | $148.2K | $160K | +7.9% |
| Alcona County | $168K | $176K | +4.8% |
Housing Supply in Ogemaw County, MI
How many homes are available in Ogemaw County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 116 | -7.2% |
Summary: The Ogemaw County real estate market had 116 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 34 | 20 | -41.2% |
| 3 Bedrooms | 63 | 65 | +3.2% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Ogemaw County 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 41.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were 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. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Ogemaw County in November 2024, down by 20.7% month-over-month. Of the 23 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 84 Days | +21.6% |
Summary: Homes in Ogemaw County had an average of 84 days on market in Nov 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ogemaw County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 23 homes were sold in Ogemaw County; 30% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. 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. 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 Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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.