$355 Closing Credit*
$29,900
800 SqFt
2 Beds
•1 Full Bath
#50160762, DALE GORDON, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
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
Since last month, Ontonagon Township has remained a Seller's 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
$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 Township have sold for 16.7% less than they did a month ago.
Summary: The median home sold price in Ontonagon Township 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 Township 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 Township | $152.5K | $127K | -16.7% |
| Ontonagon | $152.5K | $127K | -16.7% |
Housing Supply in Ontonagon Township, MI
How many homes are available in Ontonagon Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Summary: The Ontonagon Township 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 Township 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Ontonagon Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 Days | 69 Days | -68.5% |
Summary: Homes in Ontonagon Township 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 Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Ontonagon Township; 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.