Olivet Real Estate
10 active listings · 44 sold in the past 12mo
$179,000
Median List Price
44
Sold (past 12mo)
81
Avg Days on Market
+12.9%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Olivet Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Olivet and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(10)
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Under Contract
1/41
$259,000
8809 Cook Road, Olivet, MI 49076
3 bd1 ba3 ac
Single Family
Under Contract
1/27
$249,900
2085 Miller Highway, Olivet, MI 49076
4 bd3 ba3.39 ac
Mfg Home
For Sale
1/29
$215,000
21502 26 Mile Road, Olivet, MI 49076
3 bd2 ba1,456 sqft1.38 ac
Single Family
Under Contract
1/44
$195,000
21904 23 Mile Road, Olivet, MI 49076
3 bd1 ba5 ac
Single Family
For Sale
1/30
$185,000
9961 Marshall Road, Olivet, MI 49076
2 bd1 ba0.63 ac
Single Family
For Sale
1/3
$173,000
701 S Main Street, Olivet, MI 49076
4 bd2 ba1,344 sqft0.72 ac
Single Family
For Sale
1/19
$169,900
630 Summer Street, Olivet, MI 49076
3 bd1 ba0.33 ac
Single Family
Under Contract
1/37
$168,900
314 Yale Street, Olivet, MI 49076
4 bd1 ba0.44 ac
Single Family
For Sale
1/25
$89,900
328 N Main Street, Olivet, MI 49076
3 bd2 ba0.57 ac
Single Family
For Sale
1/14
$50,000
V/l Matthews Road, Olivet, MI 49076
2.17 ac
Single Family
Recently Sold(44)
Frequently Asked Questions about Olivet
How many homes are for sale in Olivet?
Buyers in Olivet can choose from 10 active listings. The median asking price is $179,000.
How much do homes cost in Olivet?
Based on 44 sales in the past year, homes in Olivet have a median price of $179,000.
How long do homes stay on the market in Olivet?
Over the past year, homes in Olivet spent an average of 81 days on market before selling.
What schools are in Olivet?
Multiple school districts may serve Olivet. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Olivet?
Olivet is currently a seller's market, with 2.7 months of supply. That ratio comes from 10 active listings relative to 44 sales per year.
How much are property taxes in Olivet?
Property taxes in Olivet are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Olivet?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Olivet is +12.9%. Shrinking household sizes (from 2.51 to 2.39 persons per household) have increased the number of households needing housing by 78 since 2009 — independent of the 7.5% population growth. This is a secondary demographic indicator, not a primary market measure.