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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Onondaga is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Onondaga was a Seller's Market.

Key Takeaway

Onondaga is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Onondaga, MI

How much do homes in Onondaga, MI cost?

Median Sold Price

$290,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+23.4%)

Key Takeaway

Homes in Onondaga have sold for 23.4% more than they did a year ago.

Summary: The median home sold price in Onondaga was $290,000 in October 2024, up 23.4% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $156K-
N/A
3 $237.5K$290K
+22.1%
4 $396.4K$312.5K
-21.2%
5+ $227.9K$363.5K
+59.5%

Summary: Onondaga 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 did not change, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 59.5%.

Median Sold Price Compared To Nearby Cities

Onondaga
+23.4%
Onondaga Township
+23.4%
Rives Junction
+15.0%

Housing Supply in Onondaga, MI

How many homes are available in Onondaga, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
770.0%

Summary: The Onondaga real estate market had 7 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 65
-16.7%
4 01
+100.0%
5+ 00
0.0%

Summary: The Onondaga 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Onondaga, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Onondaga in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Onondaga, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days41 Days+302.0%

Summary: Homes in Onondaga had an average of 41 days on market in Oct 2024, up by 302% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Onondaga has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Onondaga; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Onondaga, MI

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