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Grand Marais Housing Market Report June 2025•Alger County, Michigan

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Housing Prices in Grand Marais, MI

How much do homes in Grand Marais, 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.
$299,000$248/SqFt
+$100,000
+50.3%

Based on all homes listed in June 2025

Insight

The list price of homes in Grand Marais has increased by 50.3% since May.

Summary: The median home list price in Grand Marais was $299,000 in June 2025, up 50.3% from the previous month, and the median price per square foot was $248.

Median List Price By Cities

Median List Price By Cities
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
Grand Marais
+50.3%
Shingleton
+26.0%
McMillan Township
-10.7%

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.
BedsMay 2025Jun 2025Change MoM
1$170K$170K
0.0%
2$299K$299K
0.0%
3-$419K
N/A
4--
N/A
5--
N/A

Summary: Grand Marais housing price by bedroom type for June 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 Grand Marais, MI compare with other places?

Market comparison tool

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

Grand Marais, MI

Housing supply in Grand Marais, MI

How many homes are available in Grand Marais, 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
4Last MonthJun 2025
32 months agoMay 2025
+33.3 %
Change MoMMay – Jun

Summary: The Grand Marais real estate market had 4 homes for sale in Jun 2025, a 33.3 % increase compared to May 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.
BedsMay 2025Jun 2025Change MoM
111
0.0%
222
0.0%
301
+100.0%
400
0.0%
500
0.0%

Summary: Grand Marais housing inventory by bedroom type for June 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 +100.0%. 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 Grand Marais, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Grand Marais, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Grand Marais in June 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for Grand Marais, MI

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Grand Marais has remained consistent over time.

Summary: During June 2025, 1 homes were sold in Grand Marais; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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
35 DaysLast MonthJun 2025
20 Days1 month agoMay 2025
+72.1 %
Change MoMMay – Jun

Summary: Homes in Grand Marais had an average listing age of 35 days in Jun 2025, up by 72.1% compared to the previous month.

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Newest Listings in Grand Marais, MI

What homes are available in Grand Marais, MI?

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Nearby markets aren't available for Grand Marais, MI

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MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, for the period 05/01/2025 - 07/01/2025

IDX 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: 7/24/2025, 2:45:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.