$3,669 Closing Credit*
$309,000
2,324 SqFt
3 Beds
•3 Full Baths
Robert K Ellsworth, Listing Office: Coldwell Banker Professionals-E.L.
Is Olivet, 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, Olivet has remained a Seller's 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
$194,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,500(-0.8%)
Key Takeaway
Homes in Olivet have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Olivet was $194,500 in November 2024, down 0.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | - | N/A |
| 2 Bedrooms | $172K | $146K | -15.1% |
| 3 Bedrooms | $194.1K | $199.4K | +2.8% |
| 4 Bedrooms | $279K | $209K | -25.1% |
| 5+ Bedrooms | $305K | $239.9K | -21.3% |
Summary: Olivet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Olivet | $196K | $194.5K | -0.8% |
| Walton Township | $226.2K | $224.5K | -0.8% |
Housing Supply in Olivet, MI
How many homes are available in Olivet, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The Olivet real estate market had 11 homes for sale in November 2024, a 31.3% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Olivet 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 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 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 Olivet, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Olivet in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 45 Days | -20.0% |
Summary: Homes in Olivet had an average of 45 days on market in Nov 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Olivet are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Olivet; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.