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Bankruptcy Homes in Omena, MI

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Omena, MI Foreclosures

Current Market Conditions in in Omena, MI As of February 2026?
Over the past month, Omena has experienced a slight uptick in sales activity as the prime summer season approaches. Buyers have been looking more aggressively, leading to a quickening pace of transactions, particularly for larger family homes and retreat-style properties near the water.
How much do homes sell for in Omena, MI?
The average home price is currently $1,106,968.
In Omena, MI, how many homes are available?
There are currently 6 active home listings available in Omena.
What’s the average rental cost in Omena, MI?
The average rental price in Omena is $1,489.
What is the most expensive home in Omena?
The most expensive home sold in Omena had a price of $5,897,027.
What is currently the cheapest priced home in Omena, MI?
The cheapest home for sale in Omena is priced at $150,561.

Living in Omena, MI

Omena, MI is a quaint village in Leelanau County, known for its picturesque landscapes and serene lifestyle. With its close proximity to Lake Michigan, residents enjoy a wealth of outdoor activities year-round, including boating and hiking. The community offers a blend of local charm with important amenities nearby, making it a desirable location for both visitors and residents alike.

Buyer vs Seller Market in Omena, MI

The real estate market in Omena is relatively stable, with demand remaining consistent due to its appealing location and scenic views. Properties in this area are often sought after for vacation homes, which boosts the market activity, particularly during the summer months when tourism peaks.

Omena's home values have shown a steady increase, driven by the limited inventory of waterfront properties and the allure of the surrounding natural beauty. Buyers looking for a serene retreat or a place to settle down are actively seeking homes here, keeping the market competitive.

Home Value Estimator For Omena, MI

There are currently 206 real estate properties in Omena, MI, with a median automated valuation model (AVM) price of $943,253.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Omena, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Omena, MI, is $1,106,968.00, with the most expensive house in Omena, MI, topping out at $5,897,027.00 and the cheapest home in Omena, MI, clocking in at $150,561.00. In other words, there’s something for every potential homebuyer or savvy investor in Omena, MI!

Rent Prices In Omena, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Omena, MI, is on a rollercoaster ride. The average rent price in Omena, MI, is $1,489.00. Indeed, when looking to rent in Omena, MI, you can expect to pay as little as $850.00 or as much as $2,390.00, with the average rent median estimated to be $1,490.00. The good news is that finding an affordable and desirable property to rent in Omena, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Omena, MI Bankruptcy Homes

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