49840 Housing Market Report February 2025•Schoolcraft County, Michigan

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Housing Prices in 49840, MI

How much do homes in 49840, 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.
$404,950$180/SqFt
+$129,950
+47.3%

Based on all homes listed in February 2025

Insight

The list price of homes in 49840 has increased by 47.3% since January.

Summary: The median home list price in 49840 was $404,950 in February 2025, up 47.3% from the previous month, and the median price per square foot was $180.

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 MoM
49840
+47.3%
49836
0.0%
49838
-31.1%

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.
BedsJan 2025Feb 2025Change MoM
1$89K-
N/A
2--
N/A
3$275K$275K
0.0%
4$534.9K$534.9K
0.0%
5--
N/A

Summary: 49840 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 49840, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

49840, MI

Housing supply in 49840, MI

How many homes are available in 49840, 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
2Last MonthFeb 2025
32 months agoJan 2025
-33.3 %
Change MoMJan – Feb

Summary: The 49840 real estate market had 2 homes for sale in Feb 2025, a 33.3 % decrease 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
110
-100.0%
200
0.0%
311
0.0%
411
0.0%
500
0.0%

Summary: 49840 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for 49840, MI

How long does it take to sell a home in 49840, MI?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
222 DaysLast MonthFeb 2025
138 Days1 month agoJan 2025
+60.9 %
Change MoMJan – Feb

Summary: Homes in 49840 had an average listing age of 222 days in Feb 2025, up by 60.9% compared to the previous month.

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Newest Listings in 49840, MI

What homes are available in 49840, MI?

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MLS Disclaimers and Copyright

Based on information from Northern Michigan MLS, MiRealSource Inc. DL, and RealComp II Ltd. for the period 01/01/2025 - 03/01/2025

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: 3/12/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.