Is Ontwa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ontwa Township has remained a Seller's Market.
Housing Prices in Ontwa Township, MI
How much do homes in Ontwa Township, MI cost?
Median Sold Price
$255,000
$200/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Ontwa Township was $255,000 in April 2024, the same as last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $178.4K | $204.9K | +14.9% |
3 Bedrooms | $250K | $255K | +2.0% |
4 Bedrooms | $350K | $416K | +18.9% |
5+ Bedrooms | $370K | $367.5K | -0.7% |
Summary: Ontwa Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Jefferson Township | $225K | $278.2K | +23.7% |
Calvin Township | $272.5K | $319.5K | +17.2% |
Mason Township | $236K | $260K | +10.2% |
Edwardsburg | $252.5K | $265K | +5.0% |
Ontwa Township | $255K | $255K | 0.0% |
Housing Supply in Ontwa Township, MI
How many homes are available in Ontwa Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 31 | +10.7% |
Summary: The Ontwa Township real estate market had 31 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ontwa Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Ontwa Township in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Ontwa Township, MI
How long does it take to sell a home in Ontwa Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 28 Days | +463.3% |
Summary: Homes in Ontwa Township had an average of 28 days on market in Apr 2024, up by 463.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Ontwa Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.