Is Orion Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Orion Charter Township has remained a Seller's Market.
Housing Prices in Orion Charter Township, MI
How much do homes in Orion Charter Township, MI cost?
Median Sold Price
$390,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Orion Charter Township was $390,000 in June 2024, up 4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $205K | $197K | -3.9% |
3 Bedrooms | $324.6K | $343.5K | +5.8% |
4 Bedrooms | $450K | $475.4K | +5.6% |
5+ Bedrooms | $568.7K | $590K | +3.7% |
Summary: Orion Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Oxford Charter Township | $375K | $396K | +5.6% |
Oakland Charter Township | $580K | $612K | +5.5% |
Orion Charter Township | $375K | $390K | +4.0% |
Lake Orion | $371.2K | $379K | +2.1% |
Oakland | $669.9K | $671.2K | 0.2% |
Housing Supply in Orion Charter Township, MI
How many homes are available in Orion Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
118 | 122 | +3.4% |
Summary: The Orion Charter Township real estate market had 122 homes for sale in June 2024, a 3.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 45 | 42 | -6.7% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Orion Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 26 | -31.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Orion Charter Township in June 2024, down by 31.6% month-over-month. Of the 26 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Orion Charter Township, MI
How long does it take to sell a home in Orion Charter Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 20 Days | -15.4% |
Summary: Homes in Orion Charter Township had an average of 20 days on market in Jun 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 26 homes were sold in Orion Charter Township; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.