Is Onamia Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Onamia Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Onamia Township was a Neutral Market.

Key Takeaway

Onamia Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Onamia Township, MN

How much do homes in Onamia Township, MN cost?

Median Sold Price

$263,750

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,300(+6.6%)

Key Takeaway

Homes in Onamia Township have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Onamia Township was $263,750 in October 2024, up 6.6% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $159.9K$60K
-62.5%
2 $235.9K$187.2K
-20.6%
3 $285K$287.5K
+0.9%
4 $247.4K$299.9K
+21.2%
5+ -$370K
N/A

Summary: Onamia Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.5%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Onamia
+7.7%
Onamia Township
+6.6%

Housing Supply in Onamia Township, MN

How many homes are available in Onamia Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2924-17.2%

Summary: The Onamia Township real estate market had 24 homes for sale in October 2024, a 17.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 108
-20.0%
3 107
-30.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Onamia 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 decreased by 20%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
71-85.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Onamia Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Onamia Township in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Onamia Township, MN

How long does it take to sell a home in Onamia Township, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days32 Days-29.7%

Summary: Homes in Onamia Township had an average of 32 days on market in Oct 2024, down by 29.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Onamia Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Onamia Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Onamia Township, MN

Nearby Markets to Onamia Township, MN