$3,086 Closing Credit*
$259,900
1,491 SqFt
3 Beds
•1 Full Bath, 1 Partial
Mary Staple, Listing Office: iLink Real Estate Co.
Is Ottawa Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ottawa Lake was a Seller's Market.
Key Takeaway
Ottawa Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ottawa Lake, MI
How much do homes in Ottawa Lake, MI cost?
Median Sold Price
$218,300
$184/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$21,700(-9.0%)
Key Takeaway
Homes in Ottawa Lake have sold for 9% less than they did a month ago.
Summary: The median home sold price in Ottawa Lake was $218,300 in November 2024, down 9% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153.8K | - | N/A |
| 3 Bedrooms | $235K | $218.3K | -7.1% |
| 4 Bedrooms | $285K | - | N/A |
| 5+ Bedrooms | $637.5K | - | N/A |
Summary: Ottawa Lake housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ottawa Lake | $240K | $218.3K | -9.0% |
| Whiteford Township | $260K | $218.3K | -16.0% |
Housing Supply in Ottawa Lake, MI
How many homes are available in Ottawa Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Ottawa Lake real estate market had 12 homes for sale in November 2024, a 20.0% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Ottawa Lake 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 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ottawa Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Ottawa Lake in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Ottawa Lake, MI
How long does it take to sell a home in Ottawa Lake, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 11 Days | -63.4% |
Summary: Homes in Ottawa Lake had an average of 11 days on market in Nov 2024, down by 63.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ottawa Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 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.
