$2,968 Closing Credit*
$249,900
1,600 SqFt
3 Beds
•1 Full Bath
Brandon K Rowley, Listing Office: Realty Executives Main St LLC
Is Oregon Township, 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, Oregon Township has remained a Seller's Market.
Key Takeaway
Oregon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oregon Township, MI
How much do homes in Oregon Township, MI cost?
Median Sold Price
$300,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$70,100(+30.5%)
Key Takeaway
Homes in Oregon Township have sold for 30.5% more than they did a year ago.
Summary: The median home sold price in Oregon Township was $300,000 in November 2024, up 30.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.4K | $307K | +24.1% |
| 3 Bedrooms | $225K | $290K | +28.9% |
| 4 Bedrooms | $270.7K | $290K | +7.1% |
| 5+ Bedrooms | $259.9K | $742K | +185.4% |
Summary: Oregon Township 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 increased by 24.1%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 185.4%.
Median Sold Price Compared To Nearby Cities
| Oregon Township | $229.9K | $300K | +30.5% |
| Elba Township | $250K | $325K | +30.0% |
| Columbiaville | $225K | $260.5K | +15.8% |
| Lapeer | $240K | $260K | +8.3% |
| Mayfield Township | $254.9K | $268.7K | +5.4% |
Housing Supply in Oregon Township, MI
How many homes are available in Oregon Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Oregon Township real estate market had 20 homes for sale in November 2024, a 4.8% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Oregon 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oregon Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Oregon Township in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Oregon Township, MI
How long does it take to sell a home in Oregon Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +110.9% |
Summary: Homes in Oregon Township had an average of 34 days on market in Nov 2024, up by 110.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oregon Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Oregon Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.