$3,561 Closing Credit*
$299,900
2,000 SqFt
4 Beds
•2 Full Baths
Debora Lounds-Bowers, Listing Office: Midwestern Realty Group
Is Ovid 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, Ovid Township has remained a Seller's Market.
Key Takeaway
Ovid Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ovid Township, MI
How much do homes in Ovid Township, MI cost?
Median Sold Price
$270,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,191(+19.6%)
Key Takeaway
Homes in Ovid Township have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Ovid Township was $270,000 in October 2024, up 19.6% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $497.5K | +282.7% |
| 2 Bedrooms | $255K | $289.9K | +13.7% |
| 3 Bedrooms | $215K | $240K | +11.6% |
| 4 Bedrooms | $230K | $435K | +89.1% |
| 5+ Bedrooms | $294.5K | $682.5K | +131.7% |
Summary: Ovid Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 282.7%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 89.1%, and 5+ bedroom homes increased by 131.7%.
Median Sold Price Compared To Nearby Cities
| Algansee Township | $197.5K | $289.9K | +46.8% |
| Coldwater Township | $188.9K | $236K | +24.9% |
| Ovid Township | $225.8K | $270K | +19.6% |
| Quincy Township | $197.5K | $205K | +3.8% |
Housing Supply in Ovid Township, MI
How many homes are available in Ovid Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Ovid Township real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ovid 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ovid Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Ovid Township in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Ovid Township, MI
How long does it take to sell a home in Ovid Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 13 Days | -63.2% |
Summary: Homes in Ovid Township had an average of 13 days on market in Oct 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ovid Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Ovid Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.