Is Orleans Township, 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, Orleans Township was a Buyer's Market.
Housing Prices in Orleans Township, MI
How much do homes in Orleans Township, MI cost?
Median Sold Price
$220,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orleans Township was $220,000 in May 2024, down 3.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54K | $226K | +318.5% |
2 Bedrooms | $194.5K | $230K | +18.3% |
3 Bedrooms | $235K | $220K | -6.4% |
4 Bedrooms | $215K | $200K | -7.0% |
5+ Bedrooms | - | - | N/A |
Summary: Orleans Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.5%, 2 bedroom homes increased by 18.3%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Otisco Township | $257K | $293.5K | +14.2% |
Orleans Township | $227K | $220K | -3.1% |
Housing Supply in Orleans Township, MI
How many homes are available in Orleans Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Summary: The Orleans Township real estate market had 9 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orleans Township 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Orleans Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Orleans Township, MI
How long does it take to sell a home in Orleans Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 8 Days | -63.5% |
Summary: Homes in Orleans Township had an average of 8 days on market in May 2024, down by 63.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Orleans Township; 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.