Is Ortonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ortonville has remained a Seller's Market.
Housing Prices in Ortonville, MI
How much do homes in Ortonville, MI cost?
Median Sold Price
$377,025
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ortonville was $377,025 in April 2024, up 8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $117.5K | -13.6% |
2 Bedrooms | $220.2K | $250.5K | +13.7% |
3 Bedrooms | $326.2K | $375K | +14.9% |
4 Bedrooms | $391.1K | $407.5K | +4.2% |
5+ Bedrooms | $499.9K | $345K | -31.0% |
Summary: Ortonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
Ortonville | $349K | $377K | +8.0% |
Brandon Charter Township | $355K | $363.5K | +2.4% |
Housing Supply in Ortonville, MI
How many homes are available in Ortonville, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Ortonville real estate market had 35 homes for sale in April 2024, a 2.9% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ortonville 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 increased by 13.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Ortonville in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Ortonville, MI
How long does it take to sell a home in Ortonville, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 27 Days | -66.9% |
Summary: Homes in Ortonville had an average of 27 days on market in Apr 2024, down by 66.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Ortonville; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.