$9,000
1.67 Acres
Land
Arla J Gilbert, Listing Office: Eagle North Real Estate Inc.
Is Onaway, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 2023
-$53,500(-24.7%)
Key Takeaway
Homes in Onaway have sold for 24.7% less than they did a year ago.
Summary: The median home sold price in Onaway was $163,000 in October 2024, down 24.7% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $275K | $179K | -34.9% |
| 3 Bedrooms | $245.5K | $155K | -36.9% |
| 4 Bedrooms | $147K | $160.5K | +9.2% |
| 5+ Bedrooms | - | $80K | N/A |
Summary: Onaway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.9%, 3 bedroom homes decreased by 36.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Onaway real estate market had 11 homes for sale in October 2024, a 21.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Onaway housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onaway, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Onaway in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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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