Housing Prices in Orchard Lake Village, MI
How much do homes in Orchard Lake Village, MI cost?
Median List Price
$1,499,000
$352/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Orchard Lake Village has increased by 50.1% since last year.
Summary: The median home list price in Orchard Lake Village was $1,499,000 in May 2024, up 50.1% from the previous year, and the median price per square foot was $352.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $1.1M | $1.0M | -12.3% |
| 4 Bedrooms | $630K | $837K | +32.9% |
| 5+ Bedrooms | $1.6M | $1.8M | +13.3% |
Summary: Orchard Lake Village 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 did not change, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 32.9%, and 5+ bedroom homes increased by 13.3%.
Median List Price Compared To Nearby Cities
| Orchard Lake Village | $999K | $1.4M | +50.1% |
| West Bloomfield Charter Township | $399.9K | $424.9K | +6.3% |
| West Bloomfield | $400K | $425K | +6.3% |
| Keego Harbor | $234.7K | $196.5K | -16.3% |
Housing Supply in Orchard Lake Village, MI
How many homes are available in Orchard Lake Village, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Orchard Lake Village real estate market had 7 homes for sale in May 2024, a 40.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Orchard Lake Village 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Days on Market for Orchard Lake Village, MI
How long does it take to sell a home in Orchard Lake Village, MI?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 103 Days | -4.2% |
Summary: Homes in Orchard Lake Village had an average listing age of 103 days in May 2024, down by 4.2% compared to the previous year.
