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ONAWAY, MI 49765

Real Estate Market Report  ·  Cheboygan County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
11
⇧ 120% vs 5 last year
Pending
1
9% pending ratio
Median Price
$261,500
⇩ 37.6% vs $419,000 last year
Average Price
$483,890
⇧ 24.4% vs $388,960 last year
Days on Market
92
⇧ 17.9% vs 78 days last year

Market Context

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

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

Market Analysis

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

The ONAWAY, MI real estate market (49765) currently shows 11 active listings, with 1 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 92 days on market compared to 78 days last year.

The median listing price has fallen 37.6% year-over-year, from $419,000 to $261,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 5 last year
  • Days on market: 92 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $261,500 (-37.6% YoY)
  • Average: $483,890 (+24.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 36.4 miles — 258 listings ($372,233,416 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49765Onaway, MI 497650.0 mi11$5,322,790$261,500$483,890
49705Afton, MI 4970510.1 mi5$4,405,000$450,000$881,000
49749Indian River, MI 4974916.8 mi22$24,786,014$520,450$1,126,637
49779Rogers City, MI 4977919.0 mi7$2,413,775$322,000$344,825
49795Vanderbilt, MI 4979519.9 mi10$8,704,380$577,400$870,438
49746Hillman, MI 4974623.7 mi16$3,593,408$224,000$224,588
49706Alanson, MI 4970626.6 mi23$13,202,092$359,000$574,004
49776Posen, MI 4977628.1 mi7$2,850,120$440,000$407,160
49770Petoskey, MI 4977030.9 mi139$294,219,215$2,399,000$2,116,685
49775Pointe Aux Pins, MI 4977531.8 mi6$2,001,798$234,450$333,633
49769Pellston, MI 4976933.4 mi1$253,725$253,725$253,725
49796Walloon Lake, MI 4979634.0 mi3$7,804,899$3,150,000$2,601,633
49730Elmira, MI 4973036.4 mi8$2,676,200$294,900$334,525

Frequently Asked Questions

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

As of January 2026, there are 11 active listings in ONAWAY, MI (zip code 49765), compared to 5 the prior year.

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

The median listing price in ONAWAY, MI 49765 is $261,500 as of January 2026, a 37.6% decrease from $419,000 the prior year.

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

Homes in ONAWAY, MI 49765 spend an average of 92 days on the market before going under contract, compared to 78 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 January 2026, ONAWAY, MI 49765 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 78 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 $5,230 compared to a typical 5% commission on the median listing price of $261,500. 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.