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Foreclosure Homes in Ontonagon, MI

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Ontonagon, MI Foreclosures

Current Market Conditions in in Ontonagon, MI As of February 2026?
Over the past month, Ontonagon's real estate market has remained steady with a slight increase in property visits and showings. Sellers are becoming more active as the winter season effects subside, bringing renewed interest from potential buyers. The area continues to see modest price adjustments, reflecting the balance between supply and demand. As families prepare for the upcoming summer months, an uptick in market engagement is expected.
How much do homes sell for in Ontonagon, MI?
The average home price is currently $156,050.
In Ontonagon, MI, how many homes are available?
There are currently 9 active home listings available in Ontonagon.
What’s the average rental cost in Ontonagon, MI?
The average rental price in Ontonagon is $1,382.
What is the most expensive home in Ontonagon?
The most expensive home sold in Ontonagon had a price of $4,788,231.
What is currently the cheapest priced home in Ontonagon, MI?
The cheapest home for sale in Ontonagon is priced at $20,985.

Living in Ontonagon, MI

Ontonagon, situated on the shores of Lake Superior, is a quaint village in Michigan's Upper Peninsula. This serene community offers a beautiful natural landscape, rich history, and numerous outdoor activities for residents and visitors. With affordable living costs and a tight-knit atmosphere, Ontonagon is an inviting place to call home.

Buyer vs Seller Market in Ontonagon, MI

Ontonagon's real estate market is currently seeing modest growth, with an increasing number of families and retirees drawn to its idyllic setting. Homes in the area range widely in price, attracting buyers looking for both vacation properties and full-time residences. The local market is characterized by charming cottages and historic homes, with many properties reflecting the unique architectural heritage of the region.

Recent trends indicate a uptick in demand for vacation homes, particularly from buyers seeking a getaway near Lake Superior. This trend has led to some stability in pricing, as well as an increase in interest from those seeking to invest in properties that cater to outdoor tourism.

Home Value Estimator For Ontonagon, MI

There are currently 1,724 real estate properties in Ontonagon, MI, with a median automated valuation model (AVM) price of $120,199.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ontonagon, 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 Ontonagon, MI, is $156,050.00, with the most expensive house in Ontonagon, MI, topping out at $4,788,231.00 and the cheapest home in Ontonagon, MI, clocking in at $20,985.00. In other words, there’s something for every potential homebuyer or savvy investor in Ontonagon, MI!

Rent Prices In Ontonagon, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ontonagon, MI, is on a rollercoaster ride. The average rent price in Ontonagon, MI, is $1,382.00. Indeed, when looking to rent in Ontonagon, MI, you can expect to pay as little as $800.00 or as much as $2,140.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Ontonagon, 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.

Ontonagon, MI Foreclosures


Market Trend for Ontonagon, MI

Total Listings Available: 9

Market Values:

Home Prices from $20,985 to $4,788,231

Average Sales Price: $156,050

Rental Values:

Rental from $800 to $2,140

Average Rent Value: $1,382 / month

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