Is Ortonville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ortonville is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Ortonville has remained a Seller's Market.

Key Takeaway

Ortonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Ortonville, MI cost?

Median Sold Price

$256,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$15,000(+6.2%)

Key Takeaway

Homes in Ortonville have sold for 6.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $162.1K$225K
+38.8%
3 $245.5K$258K
+5.1%
4 $316.2K$272.4K
-13.8%
5+ $145K-
N/A

Median Sold Price Compared To Nearby Cities

Groveland Township
+10.2%
Ortonville
+6.2%
Brandon Charter Township
+5.5%

How many homes are available in Ortonville, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
13+200.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 12
+100.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ortonville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
60 Days32 Days-47.1%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ortonville has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ortonville, MI

Homes for sale in Ortonville, MI have reached 3. In August 2022 in Ortonville, MI there were 200% more homes for sale than in July 2022. The median list price of listings available in August 2022 was $256,000, while the average time on the real estate market was 32 days. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 38.8%, the cost of 3 bedrooms properties went up by 5.1%, the cost of 4 bedrooms properties went down by 13.8%, prices of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 100%, the quantity of 4 bedrooms homes went up by 100%, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in August 2022 in Ortonville, MI. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.

Related Housing Market Reports