$5,924 Closing Credit*
$498,900
1,681 SqFt
3 Beds
•3 Full Baths, 1 Partial
Paul R Smith, Listing Office: Summit Realty Solutions
Is Ortonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
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.
Housing Prices in Ortonville, MI
How much do homes in Ortonville, MI cost?
Median Sold Price
$380,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+3.5%)
Key Takeaway
Homes in Ortonville have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Ortonville was $380,000 in October 2024, up 3.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $315.9K | +167.7% |
| 2 Bedrooms | $180.5K | $200K | +10.8% |
| 3 Bedrooms | $336.5K | $375K | +11.4% |
| 4 Bedrooms | $420K | $449K | +6.9% |
| 5+ Bedrooms | $380K | $574.9K | +51.3% |
Summary: Ortonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 51.3%.
Median Sold Price Compared To Nearby Cities
| Brandon Charter Township | $348.7K | $375K | +7.5% |
| Ortonville | $367K | $380K | +3.5% |
Housing Supply in Ortonville, MI
How many homes are available in Ortonville, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 51 | +10.9% |
Summary: The Ortonville real estate market had 51 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ortonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ortonville, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Ortonville in October 2024, up by 80.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 69 Days | +130.9% |
Summary: Homes in Ortonville had an average of 69 days on market in Oct 2024, up by 130.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ortonville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Ortonville; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.