Is Onekama Township, 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, Onekama Township has remained a Seller's Market.
Key Takeaway
Onekama Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onekama Township, MI
How much do homes in Onekama Township, MI cost?
Median Sold Price
$288,100
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Onekama Township have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Onekama Township was $288,100 in April 2024, up 15.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.2K | - | N/A |
| 2 Bedrooms | $270K | $182K | -32.6% |
| 3 Bedrooms | $250K | $297.5K | +19.0% |
| 4 Bedrooms | $200K | $287.5K | +43.8% |
| 5+ Bedrooms | - | $640K | N/A |
Summary: Onekama Township 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 decreased by 32.6%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bear Lake Township | $200.6K | $235.2K | +17.3% |
| Onekama Township | $250K | $288.1K | +15.2% |
| Manistee Township | $230K | $228.5K | -0.7% |
Housing Supply in Onekama Township, MI
How many homes are available in Onekama Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Onekama Township real estate market had 6 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Onekama Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Onekama Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Onekama Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Onekama Township, MI
How long does it take to sell a home in Onekama Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 92 Days | 41 Days | -55.7% |
Summary: Homes in Onekama Township had an average of 41 days on market in Apr 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Onekama 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.