$55,000
1.43 Acres
Land
Anissa Yoder, Listing Office: Key Realty One LLC - Summerfield
Is Onsted, 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, Onsted has remained a Seller's Market.
Key Takeaway
Onsted is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onsted, MI
How much do homes in Onsted, MI cost?
Median Sold Price
$332,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,500(+11.2%)
Key Takeaway
Homes in Onsted have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Onsted was $332,500 in November 2024, up 11.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $195K | $185K | -5.1% |
| 3 Bedrooms | $276.5K | $276.4K | 0% |
| 4 Bedrooms | $327K | $384.9K | +17.7% |
| 5+ Bedrooms | $554K | $680K | +22.7% |
Summary: Onsted 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 5.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Cambridge Township | $263K | $310K | +17.9% |
| Onsted | $299K | $332.5K | +11.2% |
Housing Supply in Onsted, MI
How many homes are available in Onsted, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Onsted real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Onsted 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 decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 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 Onsted, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Onsted in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Onsted, MI
How long does it take to sell a home in Onsted, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 148 Days | +190.3% |
Summary: Homes in Onsted had an average of 148 days on market in Nov 2024, up by 190.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Onsted are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Onsted; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
