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CENTRAL LAKE, MI 49622

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The CENTRAL LAKE, MI real estate market (49622) currently shows 10 active listings, with 2 pending sales. Homes are averaging 158 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 158 days on market compared to 52 days last year.

The median listing price has fallen 50.6% year-over-year, from $1,314,950 to $649,800.

Whether you are buying or selling in CENTRAL LAKE, 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: 2,439  ·  Density: 20.8/mi²  ·  Median household income: $62,857

Typical home value: $196,698  ·  Homeownership: 89.2%

Market Overview

Active Listings
10
⇧ 42.9% vs 7 last year
Pending
2
20% pending ratio
Median Price
$649,800
⇩ 50.6% vs $1,314,950 last year
Average Price
$1,239,780
⇩ 53.1% vs $2,644,717 last year
Days on Market
158
⇧ 203.8% vs 52 days last year

Price Per Square Foot

Median $/sqft
$700
⇧ 33.8% vs $523/sqft last year
Median Home Size
1,734 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 7 last year
  • Days on market: 158 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $649,800 (-50.6% YoY)
  • Average: $1,239,780 (-53.1% 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 29.6 miles — 518 listings ($601,314,562 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49622Central Lake, MI 496220.0 mi13$14,170,884$533,475$1,090,068
49729Ellsworth, MI 497295.8 mi5$2,096,900$457,250$419,380
49615Bellaire, MI 496157.9 mi72$29,116,944$269,000$404,402
49629Elk Rapids, MI 4962913.3 mi6$2,502,930$387,175$417,155
49612Alden, MI 4961215.1 mi9$8,992,737$452,500$999,193
49676Rapid City, MI 4967616.4 mi18$17,129,412$744,950$951,634
49670Northport, MI 4967017.6 mi11$15,340,875$599,000$1,394,625
49682Suttons Bay, MI 4968220.0 mi11$13,859,846$1,100,000$1,259,986
49690Williamsburg, MI 4969021.6 mi28$35,526,764$657,000$1,268,813
49713Boyne Falls, MI 4971322.3 mi21$14,506,758$658,750$690,798
49770Petoskey, MI 4977025.9 mi139$295,587,531$2,414,750$2,126,529
49684Traverse City, MI 4968428.8 mi119$127,431,031$749,900$1,070,849
49735Gaylord, MI 4973529.6 mi66$25,051,950$340,825$379,575

Frequently Asked Questions

How many homes are for sale in CENTRAL LAKE, MI 49622?

As of March 2026, there are 10 active listings in CENTRAL LAKE, MI (zip code 49622), compared to 7 the prior year.

What is the median home price in CENTRAL LAKE, MI 49622?

The median listing price in CENTRAL LAKE, MI 49622 is $649,800 as of March 2026, a 50.6% decrease from $1,314,950 the prior year.

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

Homes in CENTRAL LAKE, MI 49622 spend an average of 158 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in CENTRAL LAKE, MI 49622?

Based on current inventory and days-on-market data as of March 2026, CENTRAL LAKE, MI 49622 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 158 days on market compared to 52 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CENTRAL LAKE, MI 49622 save an estimated $12,996 compared to a typical 5% commission on the median listing price of $649,800. 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.