$355 Closing Credit*
$29,900
800 SqFt
2 Beds
•1 Full Bath
#50160762, DALE GORDON, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
Is Ontonagon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Ontonagon has remained a Seller's Market.
Key Takeaway
Ontonagon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontonagon, MI
How much do homes in Ontonagon, MI cost?
Median Sold Price
$127,000
$79/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$25,500(-16.7%)
Key Takeaway
Homes in Ontonagon have sold for 16.7% less than they did a month ago.
Summary: The median home sold price in Ontonagon was $127,000 in October 2024, down 16.7% from last month, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $125.5K | $179K | +42.6% |
| 4 Bedrooms | $150K | $41.5K | -72.3% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Ontonagon housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 42.6%, 4 bedroom homes decreased by 72.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ontonagon | $152.5K | $127K | -16.7% |
| Ontonagon Township | $152.5K | $127K | -16.7% |
Housing Supply in Ontonagon, MI
How many homes are available in Ontonagon, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Summary: The Ontonagon real estate market had 21 homes for sale in October 2024, a 19.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Ontonagon 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 15.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontonagon, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ontonagon in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ontonagon, MI
How long does it take to sell a home in Ontonagon, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 Days | 69 Days | -68.5% |
Summary: Homes in Ontonagon had an average of 69 days on market in Oct 2024, down by 68.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ontonagon has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Ontonagon; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.