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 April 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
$373,138
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orion Charter Township was $373,138 in April 2024, down 0.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $189.8K | $202K | +6.4% |
3 Bedrooms | $316K | $335K | +6.0% |
4 Bedrooms | $457.5K | $460K | 0.5% |
5+ Bedrooms | $520K | $598.2K | +15.1% |
Summary: Orion Charter Township 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 increased by 6.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
Oakland | $600K | $725K | +20.8% |
Oxford Charter Township | $367.2K | $400K | +8.9% |
Lake Orion | $351K | $370K | +5.4% |
Oakland Charter Township | $590K | $596.5K | +1.1% |
Orion Charter Township | $376.5K | $373.1K | -0.9% |
Housing Supply in Orion Charter Township, MI
How many homes are available in Orion Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 94 | +5.6% |
Summary: The Orion Charter Township real estate market had 94 homes for sale in April 2024, a 5.6% 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 | 24 | 23 | -4.2% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Orion Charter Township 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 decreased by 4.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Orion Charter Township in April 2024, down by 10.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 33 Days | +277.2% |
Summary: Homes in Orion Charter Township had an average of 33 days on market in Apr 2024, up by 277.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Orion Charter Township; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.