Is Ontwa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$265,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ontwa Township was $265,000 in March 2024, up 6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $179.9K | $210K | +16.7% |
3 Bedrooms | $242.5K | $257.5K | +6.2% |
4 Bedrooms | $330K | $398K | +20.6% |
5+ Bedrooms | $342.5K | $375K | +9.5% |
Summary: Ontwa Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Jefferson Township | $221.5K | $295K | +33.2% |
Edwardsburg | $223.7K | $294.9K | +31.8% |
Mason Township | $239.9K | $265K | +10.4% |
Ontwa Township | $249.9K | $265K | +6.0% |
Housing Supply in Ontwa Township, MI
How many homes are available in Ontwa Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Summary: The Ontwa Township real estate market had 29 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ontwa Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Ontwa Township in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 66 Days | +59.1% |
Summary: Homes in Ontwa Township had an average of 66 days on market in Mar 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Ontwa Township; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.