$938 Closing Credit*
$79,000
500 SqFt
1 Bed
•1 Bath
Listing Office: RE/MAX Results
Is Onamia Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Onamia Township was a Seller's Market.
Key Takeaway
Onamia Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Onamia Township, MN
How much do homes in Onamia Township, MN cost?
Median Sold Price
$212,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$39,900(-15.8%)
Key Takeaway
Homes in Onamia Township have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Onamia Township was $212,500 in August 2024, down 15.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $65K | -51.5% |
| 2 Bedrooms | $249.9K | $119.9K | -52.0% |
| 3 Bedrooms | $278.7K | $270K | -3.1% |
| 4 Bedrooms | $247.4K | $127K | -48.7% |
| 5+ Bedrooms | - | $370K | N/A |
Summary: Onamia Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.5%, 2 bedroom homes decreased by 52%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 48.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Onamia | $249.9K | $212.5K | -15.0% |
| Onamia Township | $252.4K | $212.5K | -15.8% |
| South Harbor Township | $328.6K | $270K | -17.8% |
Housing Supply in Onamia Township, MN
How many homes are available in Onamia Township, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Onamia Township real estate market had 27 homes for sale in August 2024, a 17.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Onamia 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 increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Onamia Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Onamia Township in August 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 23 Days | 32 Days | +39.6% |
Summary: Homes in Onamia Township had an average of 32 days on market in Aug 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Onamia Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 4 homes were sold in Onamia Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
