$7,707 Closing Credit*
$649,000
4,075 SqFt
4 Beds
•3 Full Baths, 1 Partial
Shelley Pies, Listing Office: Epique Realty
Is Ortonville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$376,012
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,012(+1.4%)
Key Takeaway
Homes in Ortonville have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Ortonville was $376,012 in November 2024, up 1.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $315.9K | +167.7% |
| 2 Bedrooms | $214.7K | $205K | -4.5% |
| 3 Bedrooms | $340K | $367.5K | +8.1% |
| 4 Bedrooms | $439.9K | $430K | -2.3% |
| 5+ Bedrooms | $380K | $549.7K | +44.7% |
Summary: Ortonville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.7%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 44.7%.
Median Sold Price Compared To Nearby Cities
| Brandon Charter Township | $350K | $375K | +7.1% |
| Ortonville | $371K | $376K | +1.4% |
Housing Supply in Ortonville, MI
How many homes are available in Ortonville, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 41 | -21.2% |
Summary: The Ortonville real estate market had 41 homes for sale in November 2024, a 21.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 18 | 11 | -38.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ortonville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ortonville, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Ortonville in November 2024, down by 42.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 15 Days | -70.0% |
Summary: Homes in Ortonville had an average of 15 days on market in Nov 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 11 homes were sold in Ortonville; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
