$2,286 Closing Credit*
$192,500
1,300 SqFt
3 Beds
•2 Full Baths
Douglas F Ferrell, 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 October 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
$280,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,500(+15.5%)
Key Takeaway
Homes in Oregon Township have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Oregon Township was $280,000 in October 2024, up 15.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $243.5K | -0.6% |
| 3 Bedrooms | $228.9K | $272.5K | +19.0% |
| 4 Bedrooms | $280K | $280K | 0.0% |
| 5+ Bedrooms | $259.9K | $742K | +185.4% |
Summary: Oregon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 19%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 185.4%.
Median Sold Price Compared To Nearby Cities
| Elba Township | $237.5K | $355K | +49.5% |
| Oregon Township | $242.5K | $280K | +15.5% |
| Columbiaville | $232K | $263K | +13.4% |
| Lapeer | $240K | $265K | +10.4% |
| Mayfield Township | $274.5K | $270K | -1.6% |
Housing Supply in Oregon Township, MI
How many homes are available in Oregon Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The Oregon Township real estate market had 23 homes for sale in October 2024, a 15.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oregon Township 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 increased by 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Oregon Township in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 49 Days | +118.4% |
Summary: Homes in Oregon Township had an average of 49 days on market in Oct 2024, up by 118.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oregon Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Oregon Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.