Is Orleans Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orleans Township was a Seller's Market.
Key Takeaway
Orleans Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 April 2023
Key Takeaway
Homes in Orleans Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Orleans Township was $220,000 in April 2024, down 3.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54K | $226K | +318.5% |
| 2 Bedrooms | $194.5K | $189K | -2.8% |
| 3 Bedrooms | $235K | $220K | -6.4% |
| 4 Bedrooms | $215K | $236K | +9.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Orleans Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairplain Township | $200K | $236.3K | +18.2% |
| 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Summary: The Orleans Township real estate market had 8 homes for sale in April 2024, a 100.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 6 | +200.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orleans Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Orleans Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Orleans Township in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 78 Days | 2 Days | -97.4% |
Summary: Homes in Orleans Township had an average of 2 days on market in Apr 2024, down by 97.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orleans Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 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.
