Is Omena, MI 49674 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Omena is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Omena housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Leelanau County, MI

Population	215
Median income	$124,803
Average income	$123,551
Median home value	$667,400
Owner-occupied	100% of homes
Median year built	1983

Natural hazard riskWinter storms (very high), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 49674; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 49674

Prefilled for 49674Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49674Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cedar 49621Buyer’s market $278 /sq ft Empire 49630Balanced $336 /sq ft Glen Arbor 49636Balanced $1,296 /sq ft Lake Leelanau 49653Seller’s market $386 /sq ft Browse all markets →

Where Omena is

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Questions about Omena real estate

What are property taxes in Omena?

About 0.68% of a home’s value a year in Leelanau County, or roughly $2,720 on a $400,000 home.

Local agents

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More tools for 49674

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Leelanau County property taxes Leelanau County loan limits Closing costs in Michigan Hottest ZIP codes in Michigan

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology