West Olive, MI Home Values & Market Trends
Real estate market trends reflect that there have been 116 transactions over the past year in West Olive. The median value for residential home transactions that occurred over the previous year is $476,227.37. The number of current listings in West Olive is 20, and the percentage of properties for sale in the city is 20.00%. West Olive, MI currently has 2 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 20 properties for sale.
West Olive, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49460 | $ 512,200 $ 237/sqft |
Housing Market Summary for West Olive, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $474.9K | $467.3K | -1.60% |
| Median Sold Price | $398.6K | $467.3K | 17.24% |
| Homes For Sale | 14 | 21 | 50.00% |
| Homes Sold | 90 | 101 | 12.22% |
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 West Olive, MI
Browse Homes in West Olive, MI
West Olive home values range from $31,988 to $7,028,310. The median estimated value of a home in West Olive is $476,227.37. The median list price of a home is 529,750, and the total count of properties in the city is 3,131.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in West Olive, 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 West Olive, 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 West Olive, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in West Olive, MI. There is 1 zips within West Olive, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49460 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of West Olive, MI. Auction homes and other auction properties account for 0.06% of all properties in West Olive, MI. There is 1 zips within West Olive, MI; of that zips, the median estimated home value for homes going to auction ranges from $435,069 in 49460 to the lowest value of $358,051 in 49460.
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Guide for West Olive, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
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.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.