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Foreclosure Homes in Onaway, MI

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Onaway, MI Foreclosures

Current Market Conditions in in Onaway, MI As of April 2026?
Over the past month, the Onaway real estate market has seen a slight uptick in home listings, with several new properties entering the market, reflecting a growing interest from buyers. While inventory remains low compared to demand, the recent homes listed are attracting buyers quickly. Competitive bidding situations are becoming more common as buyers recognize the value of moving to this picturesque area. Overall, the market remains robust, with homes selling close to their asking prices in many cases.
How much do homes sell for in Onaway, MI?
The average home price is currently $204,183.
In Onaway, MI, how many homes are available?
There are currently 3 active home listings available in Onaway.
What’s the average rental cost in Onaway, MI?
The average rental price in Onaway is $1,294.
What is the most expensive home in Onaway?
The most expensive home sold in Onaway had a price of $3,281,190.
What is currently the cheapest priced home in Onaway, MI?
The cheapest home for sale in Onaway is priced at $5,792.

Living in Onaway, MI

Onaway, located in northern Michigan, is a quaint small town known for its scenic beauty and tight-knit community. With its proximity to various lakes and forests, it offers a serene lifestyle surrounded by nature. Residents enjoy a rich history and a peaceful environment, making it an ideal location for families and retirees alike.

Buyer vs Seller Market in Onaway, MI

The Onaway real estate market is currently experiencing a steady interest from buyers looking for affordable homes in a peaceful environment. With the increasing popularity of remote work, many are seeking out smaller towns like Onaway to escape the hustle and bustle of city life, leading to a rise in property inquiries.

Recent trends indicate a growing appreciation for the area’s natural amenities and recreational opportunities. As more people prioritize location and lifestyle over urban conveniences, home sales in Onaway are projected to remain active, with potential appreciation in property values over the coming years.

Home Value Estimator For Onaway, MI

There are currently 2,881 real estate properties in Onaway, MI, with a median automated valuation model (AVM) price of $168,828.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Onaway, 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 Onaway, MI, is $204,183.00, with the most expensive house in Onaway, MI, topping out at $3,281,190.00 and the cheapest home in Onaway, MI, clocking in at $5,792.00. In other words, there’s something for every potential homebuyer or savvy investor in Onaway, MI!

Rent Prices In Onaway, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Onaway, MI, is on a rollercoaster ride. The average rent price in Onaway, MI, is $1,294.00. Indeed, when looking to rent in Onaway, MI, you can expect to pay as little as $790.00 or as much as $2,560.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Onaway, 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.

Onaway, MI Foreclosures


Market Trend for Onaway, MI

Total Listings Available: 3

Market Values:

Home Prices from $5,792 to $3,281,190

Average Sales Price: $204,183

Rental Values:

Rental from $790 to $2,560

Average Rent Value: $1,294 / month

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