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ONAWAY, MI 49765

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ONAWAY, MI real estate market (49765) currently shows 10 active listings, with 4 pending sales. Homes are averaging 178 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 178 days on market compared to 96 days last year.

The median listing price has risen 12.6% year-over-year, from $295,000 to $332,250.

Whether you are buying or selling in ONAWAY, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,505  ·  Density: 7.3/mi²  ·  Median household income: $52,308

Typical home value: $104,249  ·  Homeownership: 83.8%

Market Overview

Active Listings
10
⇧ 25% vs 8 last year
Pending
4
40% pending ratio
Median Price
$332,250
⇧ 12.6% vs $295,000 last year
Average Price
$724,950
⇧ 157.9% vs $281,114 last year
Days on Market
178
⇧ 85.4% vs 96 days last year

Price Per Square Foot

Median $/sqft
$177
⇧ 50% vs $118/sqft last year
Median Home Size
1,937 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 8 last year
  • Days on market: 178 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $332,250 (+12.6% YoY)
  • Average: $724,950 (+157.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 35.9 miles — 206 listings ($116,939,304 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49765Onaway, MI 497650.0 mi9$5,545,368$322,000$616,152
49705Afton, MI 4970510.1 mi4$3,788,000$415,000$947,000
49749Indian River, MI 4974916.8 mi21$28,554,351$424,925$1,359,731
49779Rogers City, MI 4977919.0 mi9$3,271,275$310,500$363,475
49791Topinabee, MI 4979119.7 mi1$299,000$299,000$299,000
49709Atlanta, MI 4970921.3 mi34$12,793,248$259,450$376,272
49751Johannesburg, MI 4975124.7 mi5$2,825,000$262,450$565,000
49716Brutus, MI 4971627.0 mi2$8,295,000$4,147,500$4,147,500
49713Boyne Falls, MI 4971330.3 mi21$14,506,758$658,750$690,798
49735Gaylord, MI 4973531.1 mi66$25,051,950$340,825$379,575
49753Lachine, MI 4975332.0 mi2$747,400$373,700$373,700
49755Levering, MI 4975534.0 mi2$929,084$383,725$464,542
49756Lewiston, MI 4975635.9 mi30$10,332,870$194,925$344,429

Frequently Asked Questions

How many homes are for sale in ONAWAY, MI 49765?

As of March 2026, there are 10 active listings in ONAWAY, MI (zip code 49765), compared to 8 the prior year.

What is the median home price in ONAWAY, MI 49765?

The median listing price in ONAWAY, MI 49765 is $332,250 as of March 2026, a 12.6% increase from $295,000 the prior year.

How long do homes stay on the market in ONAWAY, MI?

Homes in ONAWAY, MI 49765 spend an average of 178 days on the market before going under contract, compared to 96 days the prior year.

Is it a seller's or buyer's market in ONAWAY, MI 49765?

Based on current inventory and days-on-market data as of March 2026, ONAWAY, MI 49765 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 178 days on market compared to 96 days last year.

How much can I save on real estate commission in ONAWAY, MI?

With SELL123.com's maximum 3% commission, sellers in ONAWAY, MI 49765 save an estimated $6,645 compared to a typical 5% commission on the median listing price of $332,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.