Is Onekama, MI 49675 a buyer’s or seller’s market?
Onekama is a buyer’s market. With about 14.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Onekama housing market right now
In the three months ending August 31, 2026, 33% of homes in Onekama, MI 49675 sold above their list price, the typical home went under contract in 74 days and there were 14.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (92 days then) and the median sale price rose 214% to $653,717. Overall, Onekama is more competitive than a year ago, so tougher for buyers.
Within Manistee County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 75%.
Nearby, buyers who want less competition could look at Bear Lake 49614 (8% sold over asking) or Manistee 49660 (9% sold over asking), while Copemish 49625 (100% sold over asking) and Filer City 49634 (100% sold over asking) are even more competitive.
Run the numbers for 49675
Nearby markets
Arcadia 49613Seller’s market $439 /sq ftBear Lake 49614Balanced $201 /sq ftBrethren 49619Buyer’s market $206 /sq ftCopemish 49625Buyer’s market $224 /sq ft Browse all markets →Where Onekama is
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Questions about Onekama real estate
Is Onekama a buyer’s or seller’s market?
A buyer’s market: there were 14.9 months of supply in Onekama, MI 49675 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Onekama?
The typical home went under contract in 74 days in the latest three months.
Do homes in Onekama sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Onekama?
About 1.04% of a home’s value a year in Manistee County, or roughly $4,160 on a $400,000 home.
What is the median home price in Onekama?
The median sale price was $653,717 in the three months ending August 31, 2026, about $275 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology