Call or Text (240) SELL-123

SPRUCE, MI 48762

Real Estate Market Report  ·  Alcona County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
2
⇩ 33.3% vs 3 last year
Pending
0
0% pending ratio
Median Price
$252,000
⇧ 52.7% vs $165,000 last year
Average Price
$252,000
⇧ 52.7% vs $165,000 last year
Days on Market
146
⇧ 5% vs 139 days last year

Market Context

Population: 1,069  ·  Density: 7.3/mi²  ·  Median household income: $62,563

Typical home value: $158,251  ·  Homeownership: 96.2%

Market Analysis

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

The SPRUCE, MI real estate market (48762) currently shows 2 active listings. Homes are averaging 146 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 146 days on market compared to 139 days last year.

The median listing price has risen 52.7% year-over-year, from $165,000 to $252,000.

Whether you are buying or selling in SPRUCE, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SPRUCE, MI 48762 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 3 last year
  • Days on market: 146 now vs 139 last year

Median & Average Pricing

Year over Year
  • Median: $252,000 (+52.7% YoY)
  • Average: $252,000 (+52.7% 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 36.0 miles — 139 listings ($65,541,491 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48762Spruce, MI 487620.0 mi2$504,000$252,000$252,000
49766Ossineke, MI 497667.1 mi3$655,863$159,900$218,621
48740Harrisville, MI 4874011.5 mi11$3,681,249$243,500$334,659
49744Herron, MI 4974416.1 mi1$455,000$455,000$455,000
48728Curran, MI 4872817.0 mi7$4,446,960$185,000$635,280
49707Alpena, MI 4970719.8 mi49$31,921,344$229,950$651,456
48737Glennie, MI 4873721.1 mi9$2,341,800$285,000$260,200
48621Fairview, MI 4862125.6 mi3$635,850$211,950$211,950
48761South Branch, MI 4876128.8 mi4$747,900$164,000$186,975
48647Mio, MI 4864731.1 mi25$4,657,800$174,000$186,312
48743Long Lake, MI 4874331.7 mi1$1,400,000$1,400,000$1,400,000
49777Presque Isle, MI 4977732.9 mi13$10,140,182$645,000$780,014
48748National City, MI 4874836.0 mi11$3,953,543$237,450$359,413

Frequently Asked Questions

How many homes are for sale in SPRUCE, MI 48762?

As of January 2026, there are 2 active listings in SPRUCE, MI (zip code 48762), compared to 3 the prior year.

What is the median home price in SPRUCE, MI 48762?

The median listing price in SPRUCE, MI 48762 is $252,000 as of January 2026, a 52.7% increase from $165,000 the prior year.

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

Homes in SPRUCE, MI 48762 spend an average of 146 days on the market before going under contract, compared to 139 days the prior year.

Is it a seller's or buyer's market in SPRUCE, MI 48762?

Based on current inventory and days-on-market data as of January 2026, SPRUCE, MI 48762 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 146 days on market compared to 139 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPRUCE, MI 48762 save an estimated $5,040 compared to a typical 5% commission on the median listing price of $252,000. 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.