Ontonagon, MI Housing Market Update: inventory down, values near $125K
Ontonagon, MI – March 4, 2026 – County inventory tightened while values held steady near the mid-$100Ks; days on market suggest some room to negotiate, while rental options rema…
Top takeaways
- Zillow’s typical home value is about $125K (data through Jan. 31, 2026).
- Countywide: $175K median home price, 55 active listings, and 93 average days on market .
- Inventory is down 28.75% year-over-year (55 active listings), while the median home price is up 9.38% year-over-year to $175K.
- Rentals look thin: $795 median rent as of Jan. 2026, based on very limited inventory (Zumper).
Market snapshot
Recent county figures point to a tighter-for-sale market than a year ago. With 55 active listings and inventory down 28.75% year-over-year, buyers may see fewer choices week to week—especially during winter, when new listings tend to stay light.
Even with that tighter supply, the 93-day average time on market suggests conditions aren’t uniformly fast-moving across every property. Homes that need updates or are priced above nearby comps may still sit longer, which can create negotiating room on terms or price for buyers who are flexible and prepared.
Pricing and values
From a pricing standpoint, Realtor.com’s countywide snapshot shows the median home price up 9.38% year-over-year to $175K (Dec. 2025 reporting period). Meanwhile, Zillow’s typical home value for the area is about $125K using data through Jan. 31, 2026. Taken together, the picture is one of values holding in the mid-$100Ks, with some upward momentum in the countywide median price.
Rentals: limited options
On the rental side, inventory appears thin. Zumper reports a $795 median rent as of Jan. 2026, but notes that this is based on very limited available listings—so individual asking rents may vary depending on what’s actually on the market at any given time.
What to watch next
With winter inventory still tight, spring listing activity will be a key signal. If new supply stays limited, well-maintained homes priced close to recent sales are likely to attract the quickest showings. Higher-priced listings may lean more on price cuts to move.
What are you seeing locally right now: more sellers testing high prices, or more price reductions to get deals done?