Is Onaway, 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, Onaway has remained a Seller's Market.
Housing Prices in Onaway, MI
How much do homes in Onaway, MI cost?
Median Sold Price
$160,515
$122/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Onaway was $160,515 in April 2024, down 40.8% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | - | N/A |
2 Bedrooms | $240K | $160.5K | -33.1% |
3 Bedrooms | $302K | $62.5K | -79.3% |
4 Bedrooms | $176K | $574K | +226.1% |
5+ Bedrooms | - | - | N/A |
Summary: Onaway housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.1%, 3 bedroom homes decreased by 79.3%, 4 bedroom homes increased by 226.1%, and 5+ bedroom homes did not change.
Housing Supply in Onaway, MI
How many homes are available in Onaway, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Summary: The Onaway real estate market had 16 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Onaway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 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
Summary: A total of 4 homes were sold or pending in Onaway in April 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 Onaway, MI
We’re sorry, we don't have information for this market at the moment