$2,672 Closing Credit*
$225,000
1,840 SqFt
4 Beds
•3 Full Baths
Elizabeth Acker, Listing Office: Non-Member Listing
Is Olivet, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Olivet was a Neutral Market.
Key Takeaway
Olivet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olivet, MI
How much do homes in Olivet, MI cost?
Median Sold Price
$225,000
$119/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$65,450(-22.5%)
Key Takeaway
Homes in Olivet have sold for 22.5% less than they did a month ago.
Summary: The median home sold price in Olivet was $225,000 in October 2024, down 22.5% from last month, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $147K | N/A |
| 3 Bedrooms | - | $332.7K | N/A |
| 4 Bedrooms | $290.4K | $289K | -0.5% |
| 5+ Bedrooms | - | $106.5K | N/A |
Summary: Olivet housing prices by bedroom type for October 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 decreased by 0.5%, and 5+ bedroom homes did not change.
Housing Supply in Olivet, MI
How many homes are available in Olivet, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Olivet real estate market had 16 homes for sale in October 2024, a 14.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Olivet 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olivet, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Olivet in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Olivet, MI
How long does it take to sell a home in Olivet, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +66.1% |
Summary: Homes in Olivet had an average of 26 days on market in Oct 2024, up by 66.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olivet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Olivet; 71% of homes were sold within 30 days, 29% 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.