Is Oakfield Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oakfield Township has remained a Seller's Market.
Housing Prices in Oakfield Township, MI
How much do homes in Oakfield Township, MI cost?
Median Sold Price
$325,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oakfield Township was $325,000 in April 2024, up 3.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $304.5K | $286K | -6.1% |
3 Bedrooms | $302.8K | $324.9K | +7.3% |
4 Bedrooms | $321K | $384K | +19.6% |
5+ Bedrooms | $409.9K | $432.5K | +5.5% |
Summary: Oakfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Grattan Township | $349.9K | $442.4K | +26.4% |
Spencer Township | $269.9K | $296.5K | +9.9% |
Oakfield Township | $314K | $325K | +3.5% |
Eureka Township | $293K | $275K | -6.1% |
Gowen | $290K | $250K | -13.8% |
Housing Supply in Oakfield Township, MI
How many homes are available in Oakfield Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Summary: The Oakfield Township real estate market had 18 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oakfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Oakfield Township in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Oakfield Township, MI
How long does it take to sell a home in Oakfield Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
2 Days | 28 Days | +1316.7% |
Summary: Homes in Oakfield Township had an average of 28 days on market in Apr 2024, up by 1316.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Oakfield Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.