$1,544 Closing Credit*
$130,000
983 SqFt
2 Beds
•1 Full Bath
Listing Office: Hewitt Jackson Real Estate
Is Onamia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Onamia has remained a Seller's Market.
Key Takeaway
Onamia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onamia, MN
How much do homes in Onamia, MN cost?
Median Sold Price
$277,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$40,000(+16.9%)
Key Takeaway
Homes in Onamia have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Onamia was $277,000 in December 2024, up 16.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.9K | $65K | -55.8% |
| 2 Bedrooms | $170K | $259.7K | +52.8% |
| 3 Bedrooms | $278.7K | $280K | 0.4% |
| 4 Bedrooms | $259.9K | $299.9K | +15.4% |
| 5+ Bedrooms | - | $370K | N/A |
Summary: Onamia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.8%, 2 bedroom homes increased by 52.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Onamia | $237K | $277K | +16.9% |
| Onamia Township | $237K | $277K | +16.9% |
| South Harbor Township | $284K | $295K | +3.9% |
Housing Supply in Onamia, MN
How many homes are available in Onamia, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Onamia real estate market had 17 homes for sale in December 2024, a 6.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Onamia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Onamia, 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 Onamia in December 2024, up by 50.0% 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 Onamia, MN
How long does it take to sell a home in Onamia, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 79 Days | +91.2% |
Summary: Homes in Onamia had an average of 79 days on market in Dec 2024, up by 91.2% compared to last year.
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 Onamia are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Onamia; 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.
