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Featured local agent — Okemos, MI

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Okemos, MI

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Okemos, MI(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Okemos, MI Housing Market & Real Estate

Seller's market+22.0% YoY

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?

Seller's market2.0 months of supply35 avg. days on 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?

Current housing market statistics for Okemos, MI
MetricValue
Median sale price$407,000
Median list price$434,900
Year-over-year price change+22.0%
Average days on market35 days
Active inventory47 listings
Months of supply2.0 months
Sale-to-list price ratio100.2%
Median price per sq ft$169/sq ft
Homes sold (latest month)24
New listings (latest month)31
Listings with a price cut27.7%
Market conditionSeller'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.

Median price, price per square foot, homes sold and days on market by property type in Okemos, MI
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$525,000$170/sq ft1925 days
Condo / Co-op$314,750$145/sq ft459 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

Price drops:27.7%of listings
Sale-to-list:100.2%

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

Charter

Okemos High School

Grades 9-12 · 1,519 students

Public

Kinawa School

Grades 5-6 · 726 students

Public

Chippewa Middle School

Grades 6-8 · 679 students

Public

Bennett Woods Elementary School

Grades PK-4 · 486 students

Public

Cornell Elementary School

Grades K-4 · 453 students

Public

Hiawatha Elementary School

Grades K-4 · 445 students

Public

Okemos Public MontessoriCentral

Grades PK-4 · 323 students

Public

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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