Is Orangeville 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, Orangeville Township has remained a Seller's Market.
Housing Prices in Orangeville Township, MI
How much do homes in Orangeville Township, MI cost?
Median Sold Price
$322,500
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orangeville Township was $322,500 in March 2024, up 15.7% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $169.5K | -15.3% |
2 Bedrooms | $300K | $297K | -1.0% |
3 Bedrooms | $235K | $319.9K | +36.1% |
4 Bedrooms | $450K | $439K | -2.4% |
5+ Bedrooms | $740K | $465K | -37.2% |
Summary: Orangeville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 36.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 37.2%.
Median Sold Price Compared To Nearby Cities
Delton | $230K | $283K | +23.0% |
Orangeville Township | $278.7K | $322.5K | +15.7% |
Hope Township | $220K | $249.9K | +13.6% |
Yankee Springs Township | $369.5K | $371K | 0.4% |
Shelbyville | $301.6K | $291.2K | -3.4% |
Housing Supply in Orangeville Township, MI
How many homes are available in Orangeville Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Summary: The Orangeville Township real estate market had 8 homes for sale in March 2024, a 20.0% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orangeville 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 decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Orangeville Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Orangeville Township, MI
How long does it take to sell a home in Orangeville Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 51 Days | -17.0% |
Summary: Homes in Orangeville Township had an average of 51 days on market in Mar 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Orangeville Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.