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LUZERNE, MI 48636

Real Estate Market Report  ·  Oscoda County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The LUZERNE, MI real estate market (48636) currently shows 7 active listings. Homes are averaging 123 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 123 days on market compared to 76 days last year.

The median listing price has fallen 13.6% year-over-year, from $283,650 to $244,975.

Whether you are buying or selling in LUZERNE, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 852  ·  Density: 4.3/mi²  ·  Median household income: $58,750

Typical home value: $92,820  ·  Homeownership: 98.1%

Market Overview

Active Listings
7
⇧ 16.7% vs 6 last year
Pending
0
0% pending ratio
Median Price
$244,975
⇩ 13.6% vs $283,650 last year
Average Price
$321,146
⇩ 24.6% vs $425,720 last year
Days on Market
123
⇧ 61.8% vs 76 days last year

Price Per Square Foot

Median $/sqft
$249
⇩ 13.2% vs $287/sqft last year
Median Home Size
924 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 6 last year
  • Days on market: 123 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $244,975 (-13.6% YoY)
  • Average: $321,146 (-24.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 32.3 miles — 180 listings ($54,358,568 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48636Luzerne, MI 486360.0 mi8$2,248,440$119,900$281,055
48654Rose City, MI 4865412.1 mi5$1,079,865$160,000$215,973
48621Fairview, MI 4862117.0 mi3$637,200$212,400$212,400
49738Grayling, MI 4973817.3 mi42$13,471,458$254,675$320,749
48656Saint Helen, MI 4865618.6 mi23$5,664,095$167,975$246,265
48761South Branch, MI 4876119.9 mi4$747,152$164,000$186,788
48743Long Lake, MI 4874322.9 mi1$1,400,000$1,400,000$1,400,000
49733Frederic, MI 4973326.3 mi12$4,660,536$381,369$388,378
48651Prudenville, MI 4865128.5 mi22$6,411,592$271,950$291,436
49751Johannesburg, MI 4975128.8 mi5$2,825,000$262,450$565,000
48630Houghton Lake Heights, MI 4863030.2 mi3$810,900$270,300$270,300
48629Houghton Lake, MI 4862931.1 mi38$10,950,308$227,500$288,166
48610Alger, MI 4861032.3 mi14$3,452,022$236,185$246,573

Frequently Asked Questions

How many homes are for sale in LUZERNE, MI 48636?

As of April 2026, there are 7 active listings in LUZERNE, MI (zip code 48636), compared to 6 the prior year.

What is the median home price in LUZERNE, MI 48636?

The median listing price in LUZERNE, MI 48636 is $244,975 as of April 2026, a 13.6% decrease from $283,650 the prior year.

How long do homes stay on the market in LUZERNE, MI?

Homes in LUZERNE, MI 48636 spend an average of 123 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in LUZERNE, MI 48636?

Based on current inventory and days-on-market data as of April 2026, LUZERNE, MI 48636 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 123 days on market compared to 76 days last year.

How much can I save on real estate commission in LUZERNE, MI?

With SELL123.com's maximum 3% commission, sellers in LUZERNE, MI 48636 save an estimated $4,900 compared to a typical 5% commission on the median listing price of $244,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.