$44,900
40.00 Acres
Land
#50163309, DONALD DOMITROVICH, Listing Office: DOMITROVICH REALTY, INC
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 Neutral 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
$245,000
$266/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$120,000(+96.0%)
Key Takeaway
Homes in Ontonagon County have sold for 96% more than they did a month ago.
Summary: The median home sold price in Ontonagon County was $245,000 in November 2024, up 96% from last month, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | - | $245K | N/A |
| 3 Bedrooms | $179K | $75.9K | -57.6% |
| 4 Bedrooms | $41.5K | $530K | +1177.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ontonagon County housing prices by bedroom type for November 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 decreased by 57.6%, 4 bedroom homes increased by 1177.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Ontonagon County | $125K | $245K | +96.0% |
| Iron County | $112.5K | $110K | -2.2% |
| Houghton County | $222.5K | $170K | -23.6% |
| Gogebic County | $121K | $87.4K | -27.8% |
Housing Supply in Ontonagon County, MI
How many homes are available in Ontonagon County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Ontonagon County real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ontonagon County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 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 3 homes were sold or pending in Ontonagon County in November 2024, down by 40.0% month-over-month. Of the 3 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 89 Days | +43.1% |
Summary: Homes in Ontonagon County had an average of 89 days on market in Nov 2024, up by 43.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ontonagon County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Ontonagon County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.