Is Okemos, MI 48864 a buyer’s or seller’s market?
Okemos is a seller’s market. With about 2.9 months of supply and 26% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 60% of U.S. ZIP codes, and #312 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Okemos housing market right now
In the three months ending August 31, 2026, 26% of homes in Okemos, MI 48864 sold above their list price, the typical home went under contract in 39 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 79 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold more slowly (35 days then) and the median sale price rose 7% to $402,327. Overall, Okemos is less competitive than a year ago, which gives buyers more room.
Within Ingham County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Okemos ranks #312 of 510 MI ZIP codes with enough sales (score 58 out of 100).
Nearby, Onondaga 49264 (63% sold over asking) and Holt 48842 (61% sold over asking) are even more competitive.
Run the numbers for 48864
Nearby markets
Dansville 48819Seller’s market $156 /sq ftEast Lansing 48823Seller’s market $173 /sq ftHaslett 48840Seller’s market $184 /sq ftHolt 48842Seller’s market $153 /sq ft Browse all markets →Towns like Okemos nearby
Find towns like Okemos in other states →Where Okemos is
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Questions about Okemos real estate
Is Okemos a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Okemos, MI 48864 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Okemos?
The typical home went under contract in 39 days in the latest three months.
Do homes in Okemos sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Okemos?
About 1.83% of a home’s value a year in Ingham County, or roughly $7,320 on a $400,000 home.
What is the median home price in Okemos?
The median sale price was $402,327 in the three months ending August 31, 2026, about $157 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology