Housing Prices in Orchard Lake Village, MI
How much do homes in Orchard Lake Village, MI cost?
Median List Price
$1,499,000
$353/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Orchard Lake Village has increased by 50.1% since last year.
Summary: The median home list price in Orchard Lake Village was $1,499,000 in April 2024, up 50.1% from the previous year, and the median price per square foot was $353.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $1.1M | $1.4M | +27.6% |
| 4 Bedrooms | $642K | $975K | +51.9% |
| 5+ Bedrooms | $1.6M | $1.7M | +2.9% |
Summary: Orchard Lake Village 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 did not change, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 51.9%, and 5+ bedroom homes increased by 2.9%.
Median List Price Compared To Nearby Cities
| Orchard Lake Village | $999K | $1.4M | +50.1% |
| West Bloomfield | $400K | $418.6K | +4.7% |
| West Bloomfield Charter Township | $399K | $416.7K | +4.4% |
| Keego Harbor | $229.5K | $217.4K | -5.3% |
Housing Supply in Orchard Lake Village, MI
How many homes are available in Orchard Lake Village, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Orchard Lake Village real estate market had 7 homes for sale in April 2024, a 40.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Orchard Lake Village 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Days on Market for Orchard Lake Village, MI
How long does it take to sell a home in Orchard Lake Village, MI?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 126 Days | 181 Days | +43.7% |
Summary: Homes in Orchard Lake Village had an average listing age of 181 days in Apr 2024, up by 43.7% compared to the previous year.
