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OWOSSO, MI 48867

Real Estate Market Report  ·  Shiawassee County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
88
⇧ 79.6% vs 49 last year
Pending
26
30% pending ratio
Median Price
$189,900
⇩ 0.7% vs $191,250 last year
Average Price
$218,705
⇩ 2% vs $223,281 last year
Days on Market
63
⇧ 23.5% vs 51 days last year

Market Context

Population: 27,154  ·  Density: 77.1/mi²  ·  Median household income: $56,695

Typical home value: $136,680  ·  Homeownership: 72.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The OWOSSO, MI real estate market (48867) currently shows 88 active listings, with 26 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 39 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 51 days last year.

The median listing price has fallen 0.7% year-over-year, from $191,250 to $189,900.

Whether you are buying or selling in OWOSSO, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 88 this year vs 49 last year
  • Days on market: 63 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $189,900 (-0.7% YoY)
  • Average: $218,705 (-2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 226 listings ($61,311,533 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48867Owosso, MI 488670.0 mi88$19,246,040$189,900$218,705
48476Vernon, MI 484769.1 mi2$355,900$177,950$177,950
48649Oakley, MI 4864910.6 mi5$1,688,400$364,500$337,680
48857Morrice, MI 4885711.4 mi4$779,932$187,450$194,983
48831Elsie, MI 4883111.6 mi7$1,567,769$173,000$223,967
48449Lennon, MI 4844912.3 mi5$1,462,335$269,900$292,467
48616Chesaning, MI 4861613.5 mi17$4,955,653$219,900$291,509
48807Bannister, MI 4880715.0 mi2$459,800$229,900$229,900
48418Byron, MI 4841817.7 mi13$4,444,375$329,900$341,875
48808Bath, MI 4880818.2 mi9$4,732,200$469,950$525,800
48473Swartz Creek, MI 4847318.8 mi45$15,158,745$277,350$336,861
48457Montrose, MI 4845719.6 mi15$3,313,170$164,900$220,878
48655Saint Charles, MI 4865519.8 mi14$3,147,214$194,900$224,801

Frequently Asked Questions

How many homes are for sale in OWOSSO, MI 48867?

As of January 2026, there are 88 active listings in OWOSSO, MI (zip code 48867), compared to 49 the prior year.

What is the median home price in OWOSSO, MI 48867?

The median listing price in OWOSSO, MI 48867 is $189,900 as of January 2026, a 0.7% decrease from $191,250 the prior year.

How long do homes stay on the market in OWOSSO, MI?

Homes in OWOSSO, MI 48867 spend an average of 63 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in OWOSSO, MI 48867?

Based on current inventory and days-on-market data as of January 2026, OWOSSO, MI 48867 is currently a Buyer's Market. Inventory has increased compared to last year, with 39 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 51 days last year.

How much can I save on real estate commission in OWOSSO, MI?

With SELL123.com's maximum 3% commission, sellers in OWOSSO, MI 48867 save an estimated $3,798 compared to a typical 5% commission on the median listing price of $189,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.