$54,900
39.00 Acres
Land
#50156583, DONALD DOMITROVICH, Listing Office: DOMITROVICH REALTY, INC
Is Ontonagon Township, 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 Township was a Neutral Market.
Key Takeaway
Ontonagon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontonagon Township, MI
How much do homes in Ontonagon Township, MI cost?
Median Sold Price
$145,000
$91/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$27,450(-15.9%)
Key Takeaway
Homes in Ontonagon Township have sold for 15.9% less than they did a month ago.
Summary: The median home sold price in Ontonagon Township was $145,000 in August 2024, down 15.9% from last month, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $55K | -59.3% |
| 3 Bedrooms | $172.4K | $112.5K | -34.8% |
| 4 Bedrooms | $210K | $178K | -15.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ontonagon Township housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59.3%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ontonagon Township | $172.4K | $145K | -15.9% |
| Ontonagon | $172.4K | $145K | -15.9% |
| Greenland Township | $81.2K | $24.5K | -69.8% |
Housing Supply in Ontonagon Township, MI
How many homes are available in Ontonagon Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Ontonagon Township real estate market had 28 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ontonagon Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontonagon Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Ontonagon Township in August 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Ontonagon Township, MI
How long does it take to sell a home in Ontonagon Township, MI?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 53 Days | 41 Days | -22.2% |
Summary: Homes in Ontonagon Township had an average of 41 days on market in Aug 2024, down by 22.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ontonagon Township has remained consistent over time.
Summary: During August 2024, 5 homes were sold in Ontonagon Township; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% 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.