Comprehensive market data and analysis• Updated Dec 2025
3.8 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | 1 | 1 | 1 | 1 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | 1 | 1 | 2 |
| 20-50 acres | - | 1 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 4 | 7 | 9 |
Acreage buckets
The median price for land in Onaway, Michigan is currently $8K per acre. For a typical parcel, the median sale price is $65K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $8K while premium lots reached $115K.
Onaway, Michigan is currently a seller's market with 3.8 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 72.0% year-over-year.
Onaway, Michigan currently has 3.8 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
There are currently 5 active listings in Onaway, Michigan. 3 new listings have hit the market in the last 90 days. The median asking price is $75K.
Land in Onaway, Michigan typically sells within 64 days of listing. The median time on market is 37 days. Properties are moving at a moderate pace in the current seller's market.
Over the past 12 months, Onaway, Michigan saw 10 properties sold, totaling $603K in sales volume. In just the last 3 months, 4 properties changed hands.
The current absorption rate in Onaway, Michigan is 26.7% (3-month basis), indicating strong demand. With depreciating values (-72.0% YoY), buyers may find value opportunities. The top-performing broker in this market is Eagle North Real Estate.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.