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Featured local agent — Owosso, MI
Sarah Mitchell
Compass Real Estate · Owosso, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Owosso, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$174,500median sale price
How is the Owosso, MI housing market right now?
The median home sale price in Owosso, MI is $174,500, up 14.8% year-over-year. Homes sell in an average of 15 days with 41 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 Owosso a buyer's or seller's market?
Owosso, MI is currently a seller's market, based on 1.7 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
15
Fast-moving
Active listings
41
1.7 months supply
Sale-to-list
99.5%
Below asking
What does the Owosso housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $174,500 |
| Median list price | $179,400 |
| Year-over-year price change | +14.8% |
| Average days on market | 15 days |
| Active inventory | 41 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $133/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 30 |
| Listings with a price cut | 31.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Owosso by property type?
How the Owosso, 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 | $184,000 | $140/sq ft | 21 | 12 days |
| Condo / Co-op | $265,000 | $191/sq ft | 1 | 145 days |
Source: Redfin · Updated monthly
The Owosso housing market is currently classified as a seller's market with a median sale price of $174,500. Prices have risen 14.8% compared to last year, with homes spending an average of 15 days on market, indicating 1.7 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 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Owosso
There are currently 41 homes listed for sale in Owosso, Michigan. The median listing price is $179K.
Active listings
41
Homes on market
Median list price
$179K
Avg. days on market
15
Days until sale
New this week
30
Newly listed
Who lives in Owosso?
Population
14,658
Median income
$53,702/yr
Median age
38.1 years
Owner-occupied
66.2%
College grads
19.7%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Owosso?
Zillow home value
$190,105
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Owosso?
Owosso is a community of approximately 15K residents with a median age of 38.1 years.The median household income is $53,702, which represents a working-class community with solid middle-income opportunities. 19.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Owosso offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Owosso?
7 schools tracked · 3,056 students
The largest public schools serving Owosso, 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.
Owosso High School
Grades 9-12 · 807 students
Owosso Middle School
Grades 6-8 · 644 students
Bryant School
Grades K-5 · 463 students
Emerson School
Grades K-5 · 443 students
Central School
Grades K-5 · 411 students
Shiawassee RESD Student Learning Center West
Grades PK-12 · 160 students
Lincoln Alternative High School
Grades 9-12 · 128 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 Owosso, MI?
Want a head-to-head view? Compare Owosso side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Owosso?
The median home sale price in Owosso is $174,500, up 14.8% from last year.
How long do homes stay on market in Owosso?
Homes typically spend 15 days on market before going under contract.
What is the median income in Owosso?
The median household income is $53,702 per year.
Is Owosso a buyer's or seller's market?
With 1.7 months of supply, Owosso is currently a seller's market.
What is the Zillow home value estimate for Owosso?
The Zillow Home Value Index (ZHVI) for Owosso is $190,105, representing the typical home value in the area.
What is the median condo price in Owosso?
The median condo/co-op sale price in Owosso, MI is $265,000, compared to $184,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Owosso?
The median single-family home price in Owosso, MI is $184,000 (about $140 per square foot).
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