$125,000
7.00 Acres
Land
Dan O'Hare, Listing Office: Real Estate One Indian River
Is Onaway, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Onaway has remained a Seller's Market.
Key Takeaway
Onaway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onaway, MI
How much do homes in Onaway, MI cost?
Median Sold Price
$163,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$76,000(-31.8%)
Key Takeaway
Homes in Onaway have sold for 31.8% less than they did a year ago.
Summary: The median home sold price in Onaway was $163,000 in November 2024, down 31.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $284.9K | $163K | -42.8% |
| 3 Bedrooms | $238K | $166.5K | -30.0% |
| 4 Bedrooms | $147K | $160.5K | +9.2% |
| 5+ Bedrooms | - | $80K | N/A |
Summary: Onaway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.8%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.
Housing Supply in Onaway, MI
How many homes are available in Onaway, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Onaway real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Onaway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onaway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Onaway in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Onaway, MI
We’re sorry, we don't have information for this market at the moment
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