Is Onsted, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Onsted has remained a Seller's Market.
Key Takeaway
Onsted is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Onsted, MI
How much do homes in Onsted, MI cost?
Median Sold Price
$307,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Onsted have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Onsted was $307,500 in May 2024, up 2.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $45K | -65.4% |
| 2 Bedrooms | $179K | $190K | +6.1% |
| 3 Bedrooms | $295K | $292K | -1.0% |
| 4 Bedrooms | $325K | $427.5K | +31.5% |
| 5+ Bedrooms | $567.5K | $644.5K | +13.6% |
Summary: Onsted housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Cambridge Township | $290K | $299.9K | +3.4% |
| Onsted | $299.9K | $307.5K | +2.5% |
Housing Supply in Onsted, MI
How many homes are available in Onsted, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Onsted real estate market had 21 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Onsted 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Onsted, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Onsted in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Onsted, MI
How long does it take to sell a home in Onsted, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +83.1% |
Summary: Homes in Onsted had an average of 45 days on market in May 2024, up by 83.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Onsted has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Onsted; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
