Is Ortonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ortonville was a Seller's Market.
Housing Prices in Ortonville, MI
How much do homes in Ortonville, MI cost?
Median Sold Price
$380,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ortonville was $380,000 in May 2024, up 8.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200.5K | $135K | -32.7% |
2 Bedrooms | $227.5K | $231K | +1.5% |
3 Bedrooms | $330K | $371K | +12.4% |
4 Bedrooms | $388.7K | $415K | +6.8% |
5+ Bedrooms | $499.9K | $345K | -31.0% |
Summary: Ortonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
Ortonville | $350K | $380K | +8.6% |
Brandon Charter Township | $354.5K | $365K | +3.0% |
Housing Supply in Ortonville, MI
How many homes are available in Ortonville, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 61 | +48.8% |
Summary: The Ortonville real estate market had 61 homes for sale in May 2024, a 48.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 14 | 24 | +71.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ortonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Ortonville in May 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 52 Days | +178.1% |
Summary: Homes in Ortonville had an average of 52 days on market in May 2024, up by 178.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Ortonville; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.