$2,446 Closing Credit*
$206,000
825 SqFt
3 Beds
•1 Full Bath
Kristen Sheldon, Listing Office: @properties Christies International R.E.
Is Three Oaks, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Three Oaks has remained a Buyer's Market.
Key Takeaway
Three Oaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Three Oaks, MI
How much do homes in Three Oaks, MI cost?
Median Sold Price
$225,000
$157/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$195,500(-46.5%)
Key Takeaway
Homes in Three Oaks have sold for 46.5% less than they did a month ago.
Summary: The median home sold price in Three Oaks was $225,000 in November 2024, down 46.5% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $298K | - | N/A |
| 3 Bedrooms | - | $225K | N/A |
| 4 Bedrooms | $543K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Three Oaks housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Three Oaks | $420.5K | $225K | -46.5% |
| Three Oaks Township | $420.5K | $225K | -46.5% |
Housing Supply in Three Oaks, MI
How many homes are available in Three Oaks, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Three Oaks real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Three Oaks 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Oaks, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Three Oaks in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Three Oaks, MI
How long does it take to sell a home in Three Oaks, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 41 Days | -35.9% |
Summary: Homes in Three Oaks had an average of 41 days on market in Nov 2024, down by 35.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Three Oaks has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Three Oaks; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
