Is Three Oaks Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Three Oaks Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Three Oaks Township has remained a Buyer's Market.

Key Takeaway

Three Oaks Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Three Oaks Township, MI

How much do homes in Three Oaks Township, 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 Township have sold for 46.5% less than they did a month ago.

Summary: The median home sold price in Three Oaks Township 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

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $298K-
N/A
3 -$225K
N/A
4 $543K-
N/A
5+ --
N/A

Summary: Three Oaks Township 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 Township
-46.5%
Three Oaks
-46.5%

Housing Supply in Three Oaks Township, MI

How many homes are available in Three Oaks Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2124+14.3%

Summary: The Three Oaks Township 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

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 11
0.0%
3 1012
+20.0%
4 78
+14.3%
5+ 11
0.0%

Summary: The Three Oaks Township 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 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Three Oaks Township, 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 Township 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 Township, MI

How long does it take to sell a home in Three Oaks Township, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
64 Days41 Days-35.9%

Summary: Homes in Three Oaks Township 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Three Oaks Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Three Oaks Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Three Oaks Township, MI

Nearby Markets to Three Oaks Township, MI

What housing markets are near Three Oaks Township, MI?