What I Am Watching on Ono Island This Morning

33 active homes. 24 active lots. About 4.1 months of home supply. New construction is still thin, and my listing at 30532 Ono North Loop West remains a real way onto a new house.

When a buyer asks me what is happening on Ono Island, I do not start with a spreadsheet. I start with what I am seeing from the roads I drive every day.

This update is as of Tuesday, September 1, 2026.

What does the island look like this morning?

33 active single-family homes. 24 active lots.

Yesterday’s published Active set was 34 homes and 22 lots. Today’s Active-only recount is 33 homes and 24 lots after Pending homes are kept out of the Active count. Currently, there are 65 listings, average about $1.3M, from $150K to $4.7M, at about $521 per square foot versus about $518 on August 31.

The high end of the active market is still $4,700,000 at 32789 Sandpiper on Bayou St. John. The lowest active home is $579,900 at 4645 Bayou Court. The average active home is about $1,806,000.

Land runs from $174,900 on Bayou Court to $1,950,000 on Ole River. A Harbour Drive waterfront lot at $599,900 sits right at the middle of that land set, near an average of about $617,000.

Against eight dated August home closings, 33 active homes is about 4.1 months of supply. Land absorption is incomplete: I do not have verified closed land sales in the last 30 days. Several homes are already spoken for while Active inventory sits at 33.

New activity as of today: none on the Ono North Loop West and new-construction set I watch every morning. My listing at 30532 Ono North Loop West is still Active at $1,129,000. 30585 Ono North Loop remains Active Under Contract. 30762 Ono North Loop is still Active at $919,000. The 30577 Ono North Loop West lot is still Active at $199,000. 31201 River Road is still Active at $1,150,000. 30837 River Road is still Pending.

The one idea

Absorption is about 4.1 months on the home side. New construction is still scarce. 30532 Ono North Loop West is my listing, a Gold Fortified house going up now at $1,129,000. That is a real way onto new construction on this island.

High, low, and the middle of the market

I use a few houses to tell the story. The rest of the 33 sit between them. Search current homes here: Ono Island homes for sale.

Twenty-four lots, and one of them already has a dock

If you are building, start with how I walk vacant land. Then look at the wall. I recommend ICF. The lot is too dear for a light wall.

A brief look at the Harbour

Ono Harbour is still part of how people boat on this island. The Harbour Drive lot at $599,900 with 95 feet and an assigned slip is the land story closest to average. In August, 30525 Harbour Drive sold at $1,890,000.

If the homesite is Harbour, I walk it the same way I walk the rest of the island: water first, then the wall. ICF on Ono Harbour is the guide I send when that is the conversation.

What is spoken for right now

3950 Cutty Sark Cove is on Ono Island. It is pending at $4,700,000. Bayou St. John. Built 2021. 5 bed. 3,884 sf. MLS 399667. That is the high under-contract house I am watching.

30585 Ono North Loop is active under contract at $1,325,000. 5 bed. 3,232 sf. 2019. Gold Fortified. MLS 397259.

30837 River Road is pending at $1,059,000. 4 bed. 2,579 sf. Built 2025. Contract August 16. MLS 396634. A new Gold Fortified house, spoken for.

Also pending, and not brand-new today: 32221 Sandpiper at $1,760,000, near the middle of the under-contract home set; 31661 Shoalwater at $1,685,000; 32355 River at $1,600,000; and 28496 Perdido Pass at $779,000, the low under-contract home I am watching. Pending land: Pine Run Drive at $150,000, MLS 398025.

Several homes are spoken for while Active inventory is 33. That is part of why absorption still matters on a Tuesday morning.

Eight dated sales, from $1,400,000 to $5,200,000

The average of these eight is about $2,396,000. Against today’s 33 active homes, that is about 4.1 months of supply.

“I pay attention to how a home feels, and to whether the water it sits on will still make sense ten years from now.”

The new-build path is still short

One house is under construction, and it is mine: 30532 Ono North Loop West. One finished 2026 house is still for sale. One 2025 house is pending. No new activity as of today on that watched set.

If you want the quiet, the glass, and an insurance file that belongs with a Gulf Coast house, I absolutely love ICF. I also watch FORTIFIED homes on this island. I know the builders. I am the introduction.

How do we begin?

Tell me the water you want. Ole River, Bayou St. John, a canal, Harbour, or a quiet interior street. I will match that to what is actually for sale, what is spoken for, and what I am watching before it hits a search.

This is The Ono Watch. I keep writing it as the island moves. For more Ono Island reading, start in the Ono Island category.