$5,699 Closing Credit*
$479,900
2,523 SqFt
4 Beds
•2 Full Baths
Thomas R Dann, Kenneth J Cleypool, Listing Office: Value Point Real Estate
Is Olive Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Olive Township has remained a Seller's Market.
Key Takeaway
Olive Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olive Township, MI
How much do homes in Olive Township, MI cost?
Median Sold Price
$216,500
$165/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$178,500(-45.2%)
Key Takeaway
Homes in Olive Township have sold for 45.2% less than they did a month ago.
Summary: The median home sold price in Olive Township was $216,500 in November 2024, down 45.2% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $216.5K | N/A |
| 4 Bedrooms | $395K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Olive Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Robinson Township | $320K | $420K | +31.3% |
| Olive Township | $395K | $216.5K | -45.2% |
Housing Supply in Olive Township, MI
How many homes are available in Olive Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Olive Township real estate market had 8 homes for sale in November 2024, a 20.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Olive 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Olive Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Olive Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Olive Township, MI
How long does it take to sell a home in Olive Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 4 Days | -87.5% |
Summary: Homes in Olive Township had an average of 4 days on market in Nov 2024, down by 87.5% compared to last month.
Breakdown of Home Sale Times
2 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 Olive Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Olive 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.
