Ortonville Housing Market Report December 2024•Oakland County, Michigan

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Housing Prices in Ortonville, MI

How much do homes in Ortonville, MI cost?

Housing Market Conditions

Is Ortonville, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Ortonville is a Seller's Market

Difference Since December 2023

At the same time last year, Ortonville was a Neutral Market.

Insight

Ortonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$375,000$165/SqFt

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Ortonville has remained the same since last year.

Summary: The median home sold price in Ortonville was $375,000 in December 2024, the same as last year, and the median price per square foot was $165.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Brandon Charter Township
+7.9%
Ortonville
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$118K$315.9K
+167.7%
2$180.5K$205K
+13.6%
3$345K$365K
+5.8%
4$420K$439K
+4.5%
5$380K$549.7K
+44.7%

Summary: Ortonville housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +167.7%. The home price for 2 bedroom homes increased by +13.6%. The home price for 3 bedroom homes increased by +5.8%. The home price for 4 bedroom homes increased by +4.5%. The home price for 5 bedroom homes increased by +44.7%.

Housing supply in Ortonville, MI

How many homes are available in Ortonville, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
29Last MonthDec 2024
382 months agoNov 2024
-23.7 %
Change MoMNov – Dec

Summary: The Ortonville real estate market had 29 homes for sale in Dec 2024, a 23.7 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthDec 2024
122 months agoNov 2024
-33.3 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
221
-50.0%
32419
-20.8%
4107
-30.0%
522
0.0%

Summary: Ortonville housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -20.8%. The inventory for 4 bedroom homes decreased by -30.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Ortonville, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Ortonville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Ortonville in December 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.

Days on Market for Ortonville, MI

How long does it take to sell a home in Ortonville, MI?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Many homes in Ortonville are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 8 homes were sold in Ortonville; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
25 DaysThis YearDec 2024
22 Days1 year agoDec 2023
+14.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Ortonville had an average listing age of 25 days in Dec 2024, up by 14.2% compared to the previous year.

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Newest Listings in Ortonville, MI

What homes are available in Ortonville, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., for the period 01/01/2023 - 01/01/2025

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/23/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.