$1,483 Closing Credit*
$124,900
1,020 SqFt
2 Beds
•1 Full Bath
#50161334, DALE GORDON, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
Is Ontonagon County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ontonagon County was a Seller's Market.
Key Takeaway
Ontonagon County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ontonagon County, MI
How much do homes in Ontonagon County, MI cost?
Median Sold Price
$127,000
$79/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$23,000(-15.3%)
Key Takeaway
Homes in Ontonagon County have sold for 15.3% less than they did a month ago.
Summary: The median home sold price in Ontonagon County was $127,000 in October 2024, down 15.3% 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 | $49.9K | - | N/A |
| 3 Bedrooms | $125.5K | $179K | +42.6% |
| 4 Bedrooms | $150K | $41.5K | -72.3% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Ontonagon County 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 Counties
| Houghton County | $210K | $235K | +11.9% |
| Gogebic County | $116K | $124.9K | +7.7% |
| Iron County | $107.5K | $112.5K | +4.7% |
| Ontonagon County | $150K | $127K | -15.3% |
Housing Supply in Ontonagon County, MI
How many homes are available in Ontonagon County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 30 | -23.1% |
Summary: The Ontonagon County real estate market had 30 homes for sale in October 2024, a 23.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Ontonagon County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
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 County, 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 County in October 2024, down by 55.6% 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 County, MI
How long does it take to sell a home in Ontonagon County, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 183 Days | 69 Days | -62.2% |
Summary: Homes in Ontonagon County had an average of 69 days on market in Oct 2024, down by 62.2% 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 County has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Ontonagon County; 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.