$2,553 Closing Credit*
$215,000
1,224 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tamarah Rusk, Listing Office: Coldwell Banker Groves Real Estate
Is Osseo, 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, Osseo has remained a Seller's Market.
Key Takeaway
Osseo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Osseo, MI
How much do homes in Osseo, MI cost?
Median Sold Price
$199,450
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,950(+1.0%)
Key Takeaway
Homes in Osseo have sold for 1% more than they did a year ago.
Summary: The median home sold price in Osseo was $199,450 in November 2024, up 1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.7K | - | N/A |
| 2 Bedrooms | $185K | $179.5K | -3.0% |
| 3 Bedrooms | $282K | $199.4K | -29.3% |
| 4 Bedrooms | $697.5K | $218K | -68.7% |
| 5+ Bedrooms | $239.5K | $245K | +2.3% |
Summary: Osseo 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 3%, 3 bedroom homes decreased by 29.3%, 4 bedroom homes decreased by 68.7%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $185K | $189K | +2.2% |
| Osseo | $197.5K | $199.4K | +1.0% |
Housing Supply in Osseo, MI
How many homes are available in Osseo, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Osseo real estate market had 14 homes for sale in November 2024, a 22.2% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Osseo 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 increased by 33.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
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 Osseo, 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 Osseo in November 2024, down by 16.7% 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 Osseo, MI
How long does it take to sell a home in Osseo, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 79 Days | +71.2% |
Summary: Homes in Osseo had an average of 79 days on market in Nov 2024, up by 71.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Osseo has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Osseo; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
