Is Ottawa Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ottawa Lake was a Seller's Market.
Housing Prices in Ottawa Lake, MI
How much do homes in Ottawa Lake, MI cost?
Median Sold Price
$260,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ottawa Lake was $260,000 in April 2024, down 5.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $106K | N/A |
2 Bedrooms | $161K | $238K | +47.8% |
3 Bedrooms | $250K | $253.3K | +1.3% |
4 Bedrooms | $316.4K | $305K | -3.6% |
5+ Bedrooms | $367.5K | - | N/A |
Summary: Ottawa Lake 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 47.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Sylvania | $249.9K | $291.1K | +16.5% |
Lambertville | $257.5K | $254K | -1.4% |
Whiteford Township | $276K | $267.5K | -3.1% |
Ottawa Lake | $274.5K | $260K | -5.3% |
Housing Supply in Ottawa Lake, MI
How many homes are available in Ottawa Lake, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Summary: The Ottawa Lake real estate market had 9 homes for sale in April 2024, a 50.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ottawa Lake 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Ottawa Lake in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Ottawa Lake, MI
How long does it take to sell a home in Ottawa Lake, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Ottawa Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.