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 February 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
$364,416
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Orion Charter Township was $364,416 in February 2024, down 1.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $184.9K | $199.5K | +7.9% |
3 Bedrooms | $312.1K | $330K | +5.7% |
4 Bedrooms | $456K | $462.5K | +1.4% |
5+ Bedrooms | $559K | $587.5K | +5.1% |
Summary: Orion Charter Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Oakland | $600K | $710K | +18.3% |
Oxford Charter Township | $360K | $390K | +8.3% |
Oakland Charter Township | $600.5K | $595K | -0.9% |
Orion Charter Township | $370.7K | $364.4K | -1.7% |
Lake Orion | $375K | $360K | -4.0% |
Housing Supply in Orion Charter Township, MI
How many homes are available in Orion Charter Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
81 | 78 | -3.7% |
Summary: The Orion Charter Township real estate market had 78 homes for sale in February 2024, a 3.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 30 | 25 | -16.7% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Orion Charter Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Orion Charter Township in February 2024, down by 17.4% month-over-month. Of the 19 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 21 Days | +259.3% |
Summary: Homes in Orion Charter Township had an average of 21 days on market in Feb 2024, up by 259.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in Orion Charter Township; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.