Owosso, MI Home Values & Market Trends
Real estate market trends reflect that there have been 488 transactions over the past year in Owosso. The median value for residential home transactions that occurred over the previous year is $155,002.35. The number of current listings in Owosso is 53, and the percentage of properties for sale in the city is 53.00%. Owosso, MI currently has 22 properties in foreclosure, 9 bank owned properties, 13 properties headed for auction, and 53 properties for sale.
Owosso, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48867 | $ 135,536 $ 106/sqft |
Housing Market Summary for Owosso, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $129.9K | $152.1K | 17.10% |
| Median Sold Price | $134.1K | $152.1K | 13.40% |
| Homes For Sale | 45 | 44 | -2.22% |
| Homes Sold | 351 | 277 | -21.08% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Owosso, MI
Browse Homes in Owosso, MI
Owosso home values range from $22,265 to $2,453,443. The median estimated value of a home in Owosso is $155,002.35. The median list price of a home is 140,000, and the total count of properties in the city is 10,006.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Owosso, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Owosso, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Owosso, MI ranges from the highest value of $142,593 in 48867 to the lowest value of $62,400 in 48867. Bank owned homes and properties account for 0.09% of properties in Owosso, MI. There is 1 zips within Owosso, MI; 48867 containing 9 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48867 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Owosso, MI. Auction homes and other auction properties account for 0.13% of all properties in Owosso, MI. There is 1 zips within Owosso, MI; of that zips, the median estimated home value for homes going to auction ranges from $311,344 in 48867 to the lowest value of $92,128 in 48867.
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Guide for Owosso, MI
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The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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