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LUZERNE, MI 48636

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

Market Overview

Active Listings
10
⇧ 42.9% vs 7 last year
Pending
2
20% pending ratio
Median Price
$119,900
⇩ 61.5% vs $311,075 last year
Average Price
$230,758
⇩ 48.7% vs $450,090 last year
Days on Market
87
⇧ 6.1% vs 82 days last year

Market Context

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

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

Market Analysis

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

The LUZERNE, MI real estate market (48636) currently shows 10 active listings, with 2 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 87 days on market compared to 82 days last year.

The median listing price has fallen 61.5% year-over-year, from $311,075 to $119,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 7 last year
  • Days on market: 87 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $119,900 (-61.5% YoY)
  • Average: $230,758 (-48.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 32.3 miles — 194 listings ($56,724,555 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48636Luzerne, MI 486360.0 mi10$2,307,580$119,900$230,758
48654Rose City, MI 4865412.1 mi6$907,080$147,500$151,180
48621Fairview, MI 4862117.0 mi3$635,850$211,950$211,950
49738Grayling, MI 4973817.3 mi43$13,319,508$254,950$309,756
48656Saint Helen, MI 4865618.6 mi23$4,678,545$157,900$203,415
48761South Branch, MI 4876119.9 mi4$747,900$164,000$186,975
48743Long Lake, MI 4874322.9 mi1$1,400,000$1,400,000$1,400,000
49733Frederic, MI 4973326.3 mi13$4,829,929$365,000$371,533
48651Prudenville, MI 4865128.5 mi20$5,743,880$266,950$287,194
49751Johannesburg, MI 4975128.8 mi9$3,695,508$244,000$410,612
48630Houghton Lake Heights, MI 4863030.2 mi3$810,900$270,300$270,300
48629Houghton Lake, MI 4862931.1 mi47$14,767,635$249,900$314,205
48610Alger, MI 4861032.3 mi12$2,880,240$211,950$240,020

Frequently Asked Questions

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

As of January 2026, there are 10 active listings in LUZERNE, MI (zip code 48636), compared to 7 the prior year.

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

The median listing price in LUZERNE, MI 48636 is $119,900 as of January 2026, a 61.5% decrease from $311,075 the prior year.

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

Homes in LUZERNE, MI 48636 spend an average of 87 days on the market before going under contract, compared to 82 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 January 2026, LUZERNE, MI 48636 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 87 days on market compared to 82 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 $2,398 compared to a typical 5% commission on the median listing price of $119,900. 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.