Is Onsted, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Onsted has remained a Seller's Market.
Key Takeaway
Onsted is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onsted, MI
How much do homes in Onsted, MI cost?
Median Sold Price
$310,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Onsted have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Onsted was $310,000 in April 2024, up 8.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $87.5K | N/A |
| 2 Bedrooms | $168.9K | $190K | +12.5% |
| 3 Bedrooms | $299.9K | $299.5K | -0.1% |
| 4 Bedrooms | $305K | $384.9K | +26.2% |
| 5+ Bedrooms | $437K | $644.5K | +47.5% |
Summary: Onsted housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Onsted | $285K | $310K | +8.8% |
| Cambridge Township | $302.4K | $299K | -1.1% |
Housing Supply in Onsted, MI
How many homes are available in Onsted, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Onsted real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Onsted housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Onsted, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Onsted in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Onsted, MI
How long does it take to sell a home in Onsted, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 69 Days | +3360.0% |
Summary: Homes in Onsted had an average of 69 days on market in Apr 2024, up by 3360% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Onsted has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Onsted; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
