Is Osseo, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Osseo was a Seller's Market.
Key Takeaway
Osseo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Osseo, MI
How much do homes in Osseo, MI cost?
Median Sold Price
$226,500
$151/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Osseo have sold for 44.7% more than they did a month ago.
Summary: The median home sold price in Osseo was $226,500 in May 2024, up 44.7% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126K | - | N/A |
| 3 Bedrooms | $183K | $235K | +28.4% |
| 4 Bedrooms | - | $218K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Osseo housing prices by bedroom type for May 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 increased by 28.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Osseo, MI
How many homes are available in Osseo, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Summary: The Osseo real estate market had 21 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Osseo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Osseo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Osseo in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 72 Days | +260.0% |
Summary: Homes in Osseo had an average of 72 days on market in May 2024, up by 260% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Osseo has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Osseo; 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.
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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.