49765 Housing Market Report February 2025•Presque Isle County, Michigan

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Housing Prices in 49765, MI

How much do homes in 49765, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$209,000$132/SqFt
+$11,000
+5.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 49765 has increased by 5.6% since last year.

Summary: The median home list price in 49765 was $209,000 in February 2025, up 5.6% from the previous year, and the median price per square foot was $132.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
49799
+24.4%
49721
+15.0%
49765
+5.6%
49759
-2.0%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$236.4K$265K
+12.1%
2$270K$199K
-26.3%
3$177K$209K
+18.1%
4$169.9K$162.4K
-4.4%
5$124K$357K
+187.9%

Summary: 49765 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +12.1%. The home price for 2 bedroom homes decreased by -26.3%. The home price for 3 bedroom homes increased by +18.1%. The home price for 4 bedroom homes decreased by -4.4%. The home price for 5 bedroom homes increased by +187.9%.

Housing supply in 49765, MI

How many homes are available in 49765, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthFeb 2025
62 months agoJan 2025
+16.7 %
Change MoMJan – Feb

Summary: The 49765 real estate market had 7 homes for sale in Feb 2025, a 16.7 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
211
0.0%
334
+33.3%
400
0.0%
522
0.0%

Summary: 49765 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for 49765, MI

How long does it take to sell a home in 49765, MI?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
238 DaysThis YearFeb 2025
166 Days1 year agoFeb 2024
+43.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 49765 had an average listing age of 238 days in Feb 2025, up by 43.5% compared to the previous year.

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Newest Listings in 49765, MI

What homes are available in 49765, MI?

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MLS Disclaimers and Copyright

Based on information from Water Wonderland MLS Inc., and Northern Michigan MLS for the period 03/01/2023 - 03/01/2025

IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 6:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.