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ONAWAY, MI 49765

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The ONAWAY, MI real estate market (49765) currently shows 20 active listings, with 6 pending sales. Homes are averaging 106 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 106 days on market compared to 53 days last year.

The median listing price has fallen 31.2% year-over-year, from $312,500 to $214,950.

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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
20
⇩ 4.8% vs 21 last year
Pending
6
30% pending ratio
Median Price
$214,950
⇩ 31.2% vs $312,500 last year
Average Price
$419,448
⇧ 3.7% vs $404,472 last year
Days on Market
106
⇧ 100% vs 53 days last year

Price Per Square Foot

Median $/sqft
$126
⇩ 26.7% vs $172/sqft last year
Median Home Size
2,357 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 21 last year
  • Days on market: 106 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $214,950 (-31.2% YoY)
  • Average: $419,448 (+3.7% 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 September 2026, there are 20 active listings in ONAWAY, MI (zip code 49765), compared to 21 the prior year.

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

The median listing price in ONAWAY, MI 49765 is $214,950 as of September 2026, a 31.2% decrease from $312,500 the prior year.

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

Homes in ONAWAY, MI 49765 spend an average of 106 days on the market before going under contract, compared to 53 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 September 2026, ONAWAY, MI 49765 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 106 days on market compared to 53 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 $4,299 compared to a typical 5% commission on the median listing price of $214,950. 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.