$1,543 Closing Credit*
$129,900
800 SqFt
2 Beds
•1 Full Bath
William T Shrewsberry, Listing Office: Vylla Homes
Is Osceola County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Osceola County was a Seller's Market.
Key Takeaway
Osceola County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Osceola County, MI
How much do homes in Osceola County, MI cost?
Median Sold Price
$183,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+10.9%)
Key Takeaway
Homes in Osceola County have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Osceola County was $183,000 in November 2024, up 10.9% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $120K | +7.1% |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $169.9K | $195.3K | +15.0% |
| 4 Bedrooms | $187.5K | $185K | -1.3% |
| 5+ Bedrooms | $278K | $329.9K | +18.7% |
Summary: Osceola County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $199.4K | $225K | +12.8% |
| Missaukee County | $206.5K | $230K | +11.4% |
| Osceola County | $165K | $183K | +10.9% |
| Lake County | $145K | $155K | +6.9% |
| Clare County | $135K | $141.8K | +5.1% |
Housing Supply in Osceola County, MI
How many homes are available in Osceola County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 145 | -9.9% |
Summary: The Osceola County real estate market had 145 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 38 | 27 | -28.9% |
| 3 Bedrooms | 72 | 64 | -11.1% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Osceola County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 28.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 23 | -37.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Osceola County, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Osceola County in November 2024, down by 37.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 35% were sold at asking, and 4% were sold over asking.
Days on Market for Osceola County, MI
How long does it take to sell a home in Osceola County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 89 Days | +85.8% |
Summary: Homes in Osceola County had an average of 89 days on market in Nov 2024, up by 85.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Osceola County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 23 homes were sold in Osceola County; 26% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 39% 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.