Is Onekama, 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, Onekama has remained a Seller's Market.
Key Takeaway
Onekama is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onekama, MI
How much do homes in Onekama, MI cost?
Median Sold Price
$315,050
$258/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Onekama have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in Onekama was $315,050 in May 2024, down 7.5% from last month, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $204.9K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $340.5K | $359K | +5.4% |
| 4 Bedrooms | - | $315K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Onekama housing prices by bedroom type for May 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 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Onekama | $340.5K | $315K | -7.5% |
| Onekama Township | $340.5K | $315K | -7.5% |
Housing Supply in Onekama, MI
How many homes are available in Onekama, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Onekama real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Onekama housing inventory by bedroom type for May 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Onekama, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Onekama in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Onekama, MI
How long does it take to sell a home in Onekama, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 14 Days | -65.0% |
Summary: Homes in Onekama had an average of 14 days on market in May 2024, down by 65% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Onekama are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Onekama; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
