New - 4 days on Rocket
$10,000 Closing Credit¹
#50168169, CHRISTOPHER GESTWICKI, Listing Office: STATE WIDE REAL ESTATE OF ESCANABA
49895 Housing Market Report February 2025•Alger County, Michigan
Housing Prices in 49895, MI
How much do homes in 49895, MI cost?
Housing Market Conditions
Is 49895, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
49895 is a Seller's Market
Difference Since January 2025
Last month, 49895 has remained a Seller's Market.
Insight
49895 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$285,000$201/SqFt
-$490,000
-63.2%
Based on all homes sold in February 2025
Insight
Homes in 49895 have sold for 63.2% less than they did a month ago.
Summary: The median home sold price in 49895 was $285,000 in February 2025, down 63.2% from last month, and the median price per square foot was $201.
Median Sold Price By Bedrooms
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $140K | - | N/A |
| 22 Bedrooms | - | $230K | N/A |
| 33 Bedrooms | $887.5K | $340K | -61.7% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: 49895 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 decreased by -61.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in 49895, MI
How many homes are available in 49895, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthFeb 2025 | ||
| 102 months agoJan 2025 | -30.0 % Change MoMJan – Feb |
Summary: The 49895 real estate market had 7 homes for sale in Feb 2025, a 30.0 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthFeb 2025 | ||
| 32 months agoJan 2025 | -33.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 6 | 4 | -33.3% |
| 44 Bedrooms | 2 | 2 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 49895 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 decreased by -33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 49895, MI cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in 49895, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49895 in February 2025, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for 49895, MI
How long does it take to sell a home in 49895, MI?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Many homes in 49895 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 2 homes were sold in 49895; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 134 DaysLast MonthFeb 2025 | ||
| 267 Days1 month agoJan 2025 | -49.8 % Change MoMJan – Feb |
Summary: Homes in 49895 had an average listing age of 134 days in Feb 2025, down by 49.8% compared to the previous month.
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Newest Listings in 49895, MI
What homes are available in 49895, MI?
#50165255, JOE CAPUANA, Listing Office: GREAT LAKES & LAND OF MARQUETTE, INC.
$3,206 Closing Credit¹
#50164516, STACEY MASTERS, Listing Office: RE/MAX SUPERIORLAND
#50163380, VICKI TANNEHILL, Listing Office: RE/MAX SUPERIORLAND
$5,699 Closing Credit¹
#50160585, GREGG GUSTAFSON, Listing Office: RE/MAX SUPERIORLAND
$10,000 Closing Credit¹
#50158947, STACEY MASTERS, Listing Office: RE/MAX SUPERIORLAND
$4,572 Closing Credit¹
#50156318, DAVID MUXLOW, Listing Office: GROVER REAL ESTATE
#50151872, VICKI TANNEHILL, Listing Office: RE/MAX SUPERIORLAND
#50141559, DAVE WOOD, Listing Office: RE/MAX SUPERIORLAND
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MLS Disclaimers and Copyright
Based on information from MiRealSource Inc. DL, for the period 01/01/2025 - 03/01/2025
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
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, 8:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.