Is Onekama Township, 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 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
$315,050
$258/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Onekama Township have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in Onekama Township 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 Township 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 Township | $340.5K | $315K | -7.5% |
| Onekama | $340.5K | $315K | -7.5% |
Housing Supply in Onekama Township, MI
How many homes are available in Onekama Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Onekama Township real estate market had 6 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Onekama Township 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 increased by 100%, 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Onekama Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 14 Days | -65.0% |
Summary: Homes in Onekama Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Onekama Township; 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.
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.