Is Orleans, MI 48865 a buyer’s or seller’s market?
Orleans is a seller’s market. With about 2.7 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Orleans housing market right now
In the three months ending August 31, 2026, 33% of homes in Orleans, MI 48865 sold above their list price, the typical home went under contract in 7 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (26 days then) and the median sale price fell 11% to $181,921. Overall, Orleans is about as competitive as it was a year ago.
Within Ionia County, homes here sell faster than in 70% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Pewamo 48873 (0% sold over asking) or Hubbardston 48845 (0% sold over asking), while Clarksville 48815 (50% sold over asking) and Lake Odessa 48849 (50% sold over asking) are even more competitive.
Run the numbers for 48865
Nearby markets
Belding 48809Seller’s market $187 /sq ftClarksville 48815Seller’s market $213 /sq ftHubbardston 48845Buyer’s market $164 /sq ftIonia 48846Seller’s market $146 /sq ft Browse all markets →Towns like Orleans nearby
Find towns like Orleans in other states →Where Orleans is
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Questions about Orleans real estate
Is Orleans a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Orleans, MI 48865 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Orleans?
The typical home went under contract in 7 days in the latest three months.
Do homes in Orleans sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Orleans?
About 1.13% of a home’s value a year in Ionia County, or roughly $4,520 on a $400,000 home.
What is the median home price in Orleans?
The median sale price was $181,921 in the three months ending August 31, 2026, about $161 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology