$249,900
40.00 Acres
Land
Scott Phillips, 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 September 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
$197,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$10,000(-4.8%)
Key Takeaway
Homes in Osseo have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Osseo was $197,500 in September 2024, down 4.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.7K | - | N/A |
| 2 Bedrooms | $185K | $189K | +2.2% |
| 3 Bedrooms | $221K | $195.9K | -11.4% |
| 4 Bedrooms | $697.5K | $249.5K | -64.2% |
| 5+ Bedrooms | $238.2K | $245K | +2.8% |
Summary: Osseo housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 64.2%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $185K | $197.2K | +6.6% |
| Osseo | $207.5K | $197.5K | -4.8% |
| Cambria Township | $231K | $140.5K | -39.2% |
Housing Supply in Osseo, MI
How many homes are available in Osseo, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Osseo real estate market had 16 homes for sale in September 2024, a 20.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Osseo housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Osseo, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Osseo in September 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +44.8% |
Summary: Homes in Osseo had an average of 53 days on market in Sep 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Osseo are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Osseo; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
