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Featured local agent — Okemos, MI
Sarah Mitchell
Compass Real Estate · Okemos, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Okemos, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$407,000median sale price
How is the Okemos, MI housing market right now?
The median home sale price in Okemos, MI is $407,000, up 22.0% year-over-year. Homes sell in an average of 35 days with 47 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Okemos a buyer's or seller's market?
Okemos, MI is currently a seller's market, based on 2.0 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
35
Average pace
Active listings
47
2.0 months supply
Sale-to-list
100.2%
Above asking
What does the Okemos housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $407,000 |
| Median list price | $434,900 |
| Year-over-year price change | +22.0% |
| Average days on market | 35 days |
| Active inventory | 47 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 31 |
| Listings with a price cut | 27.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Okemos by property type?
How the Okemos, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $525,000 | $170/sq ft | 19 | 25 days |
| Condo / Co-op | $314,750 | $145/sq ft | 4 | 59 days |
Source: Redfin · Updated monthly
The Okemos housing market is currently classified as a seller's market with a median sale price of $407,000. Prices have risen 22.0% compared to last year, with homes spending an average of 35 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Okemos
There are currently 47 homes listed for sale in Okemos, Michigan. The median listing price is $435K.
Active listings
47
Homes on market
Median list price
$435K
Avg. days on market
35
Days until sale
New this week
31
Newly listed
Who lives in Okemos?
Population
25,503
Median income
$97,603/yr
Median age
35.4 years
Owner-occupied
60.1%
College grads
74.3%
Avg commute
19.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Okemos?
Zillow home value
$387,764
Zillow rent index
$1,927/mo
Price-to-rent ratio
16.8x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Okemos?
Okemos is a community of approximately 26K residents with a median age of 35.4 years.The median household income is $97,603, which reflects a relatively affluent area with strong earning potential. 74.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.1%, showing a blend of owner and renter-occupied properties. The average commute time is 19.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Okemos offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Okemos?
8 schools tracked · 6,276 students
The largest public schools serving Okemos, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Michigan Connections Academy
Grades K-12 · 1,645 students
Okemos High School
Grades 9-12 · 1,519 students
Kinawa School
Grades 5-6 · 726 students
Chippewa Middle School
Grades 6-8 · 679 students
Bennett Woods Elementary School
Grades PK-4 · 486 students
Cornell Elementary School
Grades K-4 · 453 students
Hiawatha Elementary School
Grades K-4 · 445 students
Okemos Public MontessoriCentral
Grades PK-4 · 323 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Okemos, MI?
Want a head-to-head view? Compare Okemos side-by-side with any other U.S. city using our market-comparison tool.
Is Okemos a good real estate investment market?
For investors evaluating Okemos, the price-to-rent ratio of 16.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 22.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Okemos's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Okemos's median home price.
Frequently asked questions
What is the average home price in Okemos?
The median home sale price in Okemos is $407,000, up 22.0% from last year.
How long do homes stay on market in Okemos?
Homes typically spend 35 days on market before going under contract.
What is the median income in Okemos?
The median household income is $97,603 per year.
Is Okemos a buyer's or seller's market?
With 2.0 months of supply, Okemos is currently a seller's market.
What is the Zillow home value estimate for Okemos?
The Zillow Home Value Index (ZHVI) for Okemos is $387,764, representing the typical home value in the area.
What is the median condo price in Okemos?
The median condo/co-op sale price in Okemos, MI is $314,750, compared to $525,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Okemos?
The median single-family home price in Okemos, MI is $525,000 (about $170 per square foot).
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