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PRESCOTT, MI 48756

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

Market Overview

Active Listings
18
⇧ 28.6% vs 14 last year
Pending
5
28% pending ratio
Median Price
$164,450
⇧ 14.3% vs $143,900 last year
Average Price
$168,825
⇧ 1.2% vs $166,818 last year
Days on Market
114
⇧ 78.1% vs 64 days last year

Market Context

Population: 3,956  ·  Density: 19.1/mi²  ·  Median household income: $39,115

Typical home value: $76,584  ·  Homeownership: 82.2%

Market Analysis

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

The PRESCOTT, MI real estate market (48756) currently shows 18 active listings, with 5 pending sales. Homes are averaging 114 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 114 days on market compared to 64 days last year.

The median listing price has risen 14.3% year-over-year, from $143,900 to $164,450.

Whether you are buying or selling in PRESCOTT, 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: 18 this year vs 14 last year
  • Days on market: 114 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $164,450 (+14.3% YoY)
  • Average: $168,825 (+1.2% 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 29.4 miles — 250 listings ($64,687,520 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48756Prescott, MI 487560.0 mi18$3,038,850$164,450$168,825
48766Twining, MI 4876610.4 mi6$1,827,360$299,000$304,560
48659Sterling, MI 4865911.9 mi6$2,075,700$249,900$345,950
48610Alger, MI 4861012.5 mi12$2,880,240$211,950$240,020
48765Turner, MI 4876513.7 mi3$535,401$179,500$178,467
48743Long Lake, MI 4874315.3 mi1$1,400,000$1,400,000$1,400,000
48654Rose City, MI 4865417.2 mi6$907,080$147,500$151,180
48763Tawas City, MI 4876317.9 mi20$5,203,280$229,900$260,164
48761South Branch, MI 4876119.7 mi4$747,900$164,000$186,975
48656Saint Helen, MI 4865625.3 mi23$4,678,545$157,900$203,415
48730East Tawas, MI 4873025.5 mi28$6,800,640$192,450$242,880
48624Gladwin, MI 4862426.8 mi62$19,384,858$234,461$312,659
48750Oscoda, MI 4875029.4 mi61$15,207,666$153,900$249,306

Frequently Asked Questions

How many homes are for sale in PRESCOTT, MI 48756?

As of January 2026, there are 18 active listings in PRESCOTT, MI (zip code 48756), compared to 14 the prior year.

What is the median home price in PRESCOTT, MI 48756?

The median listing price in PRESCOTT, MI 48756 is $164,450 as of January 2026, a 14.3% increase from $143,900 the prior year.

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

Homes in PRESCOTT, MI 48756 spend an average of 114 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in PRESCOTT, MI 48756?

Based on current inventory and days-on-market data as of January 2026, PRESCOTT, MI 48756 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 114 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PRESCOTT, MI 48756 save an estimated $3,289 compared to a typical 5% commission on the median listing price of $164,450. 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.