$3,561 Closing Credit*
$299,900
1,448 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer L Valente, Listing Office: Evenboer Walton, REALTORS
Is Oshtemo Charter 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, Oshtemo Charter Township has remained a Seller's Market.
Key Takeaway
Oshtemo Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oshtemo Charter Township, MI
How much do homes in Oshtemo Charter Township, MI cost?
Median Sold Price
$335,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,100(+3.1%)
Key Takeaway
Homes in Oshtemo Charter Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Oshtemo Charter Township was $335,000 in October 2024, up 3.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $265K | $280K | +5.7% |
| 3 Bedrooms | $302K | $311.5K | +3.1% |
| 4 Bedrooms | $394.9K | $410K | +3.8% |
| 5+ Bedrooms | $545K | $590K | +8.3% |
Summary: Oshtemo Charter 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 increased by 5.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Alamo Township | $300K | $432.5K | +44.2% |
| Cooper Charter Township | $227K | $265K | +16.7% |
| Kalamazoo | $219.5K | $227.3K | +3.5% |
| Kalamazoo Charter Township | $219.7K | $227.3K | +3.5% |
| Oshtemo Charter Township | $324.9K | $335K | +3.1% |
Housing Supply in Oshtemo Charter Township, MI
How many homes are available in Oshtemo Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 72 | -6.5% |
Summary: The Oshtemo Charter Township real estate market had 72 homes for sale in October 2024, a 6.5% decrease 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 | 20 | 17 | -15.0% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Oshtemo Charter 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 decreased by 15%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oshtemo Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Oshtemo Charter Township in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Oshtemo Charter Township, MI
How long does it take to sell a home in Oshtemo Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 27 Days | -25.5% |
Summary: Homes in Oshtemo Charter Township had an average of 27 days on market in Oct 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oshtemo Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Oshtemo Charter Township; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
