Is Ontwa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ontwa Township has remained a Seller's Market.
Housing Prices in Ontwa Township, MI
How much do homes in Ontwa Township, MI cost?
Median Sold Price
$257,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ontwa Township was $257,500 in May 2024, up 1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $178.4K | $199.9K | +12.0% |
3 Bedrooms | $235K | $260K | +10.6% |
4 Bedrooms | $355.5K | $416K | +17.0% |
5+ Bedrooms | $356.2K | $367.5K | +3.2% |
Summary: Ontwa Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Calvin Township | $207K | $445K | +115.0% |
Mason Township | $229K | $265K | +15.7% |
Ontwa Township | $255K | $257.5K | +1.0% |
Edwardsburg | $270K | $265K | -1.9% |
Jefferson Township | $286K | $270.7K | -5.3% |
Housing Supply in Ontwa Township, MI
How many homes are available in Ontwa Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Summary: The Ontwa Township real estate market had 35 homes for sale in May 2024, a 6.1% 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 | 8 | 6 | -25.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ontwa 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 decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Ontwa Township in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Ontwa Township, MI
How long does it take to sell a home in Ontwa Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 43 Days | -43.1% |
Summary: Homes in Ontwa Township had an average of 43 days on market in May 2024, down by 43.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Ontwa Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.