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PRUDENVILLE, MI 48651

Real Estate Market Report  ·  Roscommon County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The PRUDENVILLE, MI real estate market (48651) currently shows 62 active listings, with 14 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 58 days on market compared to 76 days last year.

The median listing price has fallen 10.7% year-over-year, from $279,900 to $249,900.

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Market Context

Market Context

Population: 4,369  ·  Density: 23.8/mi²  ·  Median household income: $41,990

Typical home value: $154,140  ·  Homeownership: 74.4%

Market Overview

Active Listings
62
⇧ 26.5% vs 49 last year
Pending
14
23% pending ratio
Median Price
$249,900
⇩ 10.7% vs $279,900 last year
Average Price
$288,348
⇩ 6.6% vs $308,857 last year
Days on Market
58
⇩ 23.7% vs 76 days last year

Price Per Square Foot

Median $/sqft
$180
⇧ 1.7% vs $177/sqft last year
Median Home Size
1,421 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 62 this year vs 49 last year
  • Days on market: 58 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $249,900 (-10.7% YoY)
  • Average: $288,348 (-6.6% 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 33.9 miles — 282 listings ($76,816,269 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48651Prudenville, MI 486510.0 mi22$6,411,592$271,950$291,436
48630Houghton Lake Heights, MI 486309.3 mi3$810,900$270,300$270,300
48624Gladwin, MI 4862415.4 mi61$17,836,644$224,925$292,404
48653Roscommon, MI 4865316.5 mi45$11,609,280$225,000$257,984
49632Falmouth, MI 4963217.6 mi2$362,800$181,400$181,400
48610Alger, MI 4861023.3 mi14$3,452,022$236,185$246,573
48612Beaverton, MI 4861227.1 mi39$10,804,989$226,000$277,051
49657McBain, MI 4965727.8 mi3$800,550$266,850$266,850
48617Clare, MI 4861728.3 mi11$3,294,643$216,077$299,513
49738Grayling, MI 4973830.6 mi42$13,471,458$254,675$320,749
48613Bentley, MI 4861331.2 mi1$69,000$69,000$69,000
48756Prescott, MI 4875631.9 mi18$3,000,420$163,650$166,690
48632Lake, MI 4863233.9 mi21$4,891,971$177,450$232,951

Frequently Asked Questions

How many homes are for sale in PRUDENVILLE, MI 48651?

As of September 2026, there are 62 active listings in PRUDENVILLE, MI (zip code 48651), compared to 49 the prior year.

What is the median home price in PRUDENVILLE, MI 48651?

The median listing price in PRUDENVILLE, MI 48651 is $249,900 as of September 2026, a 10.7% decrease from $279,900 the prior year.

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

Homes in PRUDENVILLE, MI 48651 spend an average of 58 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 PRUDENVILLE, MI 48651?

Based on current inventory and days-on-market data as of September 2026, PRUDENVILLE, MI 48651 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 58 days on market compared to 76 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PRUDENVILLE, MI 48651 save an estimated $4,998 compared to a typical 5% commission on the median listing price of $249,900. 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.