Onaway Real Estate
16 active listings · 29 sold in the past 12mo
$357,450
Median List Price
29
Sold (past 12mo)
94
Avg Days on Market
-19.4%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Onaway Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Onaway and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(16)
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For Sale
1/49
$2,400,000
3265 Roost Road, Onaway, MI 49765
4 bd2 ba440 ac
Single Family
For Sale
1/51
$2,400,000
3265 Roost Road, Onaway, MI 49765
4 bd2 ba2,936 sqft440 ac
Single Family
For Sale
1/54
$890,000
21151 Woodland Trail, Onaway, MI 49765
2 bd3 ba41 ac
Single Family
For Sale
1/40
$459,000
11900 M-68/33 Hwy, Onaway, MI 49765
3 bd3 ba13.93 ac
Single Family
For Sale
1/31
$399,800
5520 Marsh Road, Onaway, MI 49765
3 bd2 ba40 ac
Single Family
Under Contract
1/57
$389,000
17314 Cobbs Highway, Onaway, MI 49765
4 bd2 ba10.01 ac
Single Family
For Sale
1/21
$375,000
21889 Bluffs Highway, Onaway, MI 49765
2 bd2 ba0.23 ac
Single Family
No Photo
For Sale
$369,900
10911 Maple Ridge Drive, Onaway, MI 49765
2 bd2 ba12.63 ac
Single Family
For Sale
1/25
$345,000
5476 M-33, Onaway, MI 49765
4 bd3 ba2.71 ac
Single Family
For Sale
1/61
$299,900
10576 Cope Road, Onaway, MI 49765
4 bd2 ba18.32 ac
Single Family
For Sale
1/26
$274,000
7039 River Bend Drive, Onaway, MI 49765
Multi-Fam
For Sale
1/25
$274,000
7039 River Bend Drive, Onaway, MI 49765
5 bd3 ba
Single Family
For Sale
1/27
$184,900
2368 N Palmer Road, Onaway, MI 49765
3 bd1 ba2.99 ac
Single Family
No Photo
For Sale
$175,000
20922 Superior Street, Onaway, MI 49765
3 bd1 ba0.18 ac
Single Family
Under Contract
1/28
$124,900
3456 Miller Street, Onaway, MI 49765
3 bd2 ba
Single Family
For Sale
1/28
$80,000
1171 S Black River Road, Onaway, MI 49765
0 bd
Single Family
Recently Sold(29)
Frequently Asked Questions about Onaway
Are there homes available in Onaway right now?
Buyers in Onaway can choose from 16 active listings. The median asking price is $357,450.
What is the median home price in Onaway?
Based on 29 sales in the past year, homes in Onaway have a median price of $357,450.
How fast do homes sell in Onaway?
Over the past year, homes in Onaway spent an average of 94 days on market before selling.
What school districts serve Onaway?
Multiple school districts may serve Onaway. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Onaway a buyer's or seller's market?
Onaway is currently a buyer's market, with 6.6 months of supply. That ratio comes from 16 active listings relative to 29 sales per year.
How are property taxes calculated in Onaway?
Property taxes in Onaway are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Onaway?
Based on Census Bureau ACS data, Onaway shows a -19.4% Household Formation Gap. Despite household size decreasing from 2.05 to 1.74, the 31.6% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.