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ELBERTA, MI 49628

Real Estate Market Report  ·  Benzie County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELBERTA, MI real estate market (49628) currently shows 1 active listings. Homes are averaging 16 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 16 days on market compared to 19 days last year.

The median listing price has risen 7.7% year-over-year, from $325,000 to $349,900.

Whether you are buying or selling in ELBERTA, 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: 225  ·  Density: 115.8/mi²  ·  Median household income: $84,500

Typical home value: $237,553  ·  Homeownership: 93.1%

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$349,900
⇧ 7.7% vs $325,000 last year
Average Price
$349,900
⇧ 7.7% vs $325,000 last year
Days on Market
16
⇩ 15.8% vs 19 days last year

Price Per Square Foot

Median $/sqft
$371
⇧ 23.3% vs $301/sqft last year
Median Home Size
942 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 16 now vs 19 last year

Median & Average Pricing

Year over Year
  • Median: $349,900 (+7.7% YoY)
  • Average: $349,900 (+7.7% 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
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 29.8 miles — 137 listings ($75,281,349 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49628Elberta, MI 496280.0 mi1$189,000$189,000$189,000
49616Benzonia, MI 496167.9 mi4$1,741,372$477,425$435,343
49617Beulah, MI 496179.7 mi7$9,152,997$1,371,225$1,307,571
49614Bear Lake, MI 4961413.9 mi9$3,742,974$350,000$415,886
49675Onekama, MI 4967517.0 mi10$7,636,250$584,500$763,625
49643Interlochen, MI 4964319.6 mi19$12,595,594$447,000$662,926
49636Glen Arbor, MI 4963620.9 mi8$6,075,832$453,250$759,479
49630Empire, MI 4963023.7 mi2$2,510,000$1,255,000$1,255,000
49619Brethren, MI 4961925.0 mi7$2,830,016$295,000$404,288
49626Eastlake, MI 4962626.3 mi3$712,200$237,400$237,400
49660Manistee, MI 4966026.9 mi49$19,116,762$310,649$390,138
49621Cedar, MI 4962127.9 mi12$7,086,072$630,500$590,506
49668Mesick, MI 4966829.8 mi6$1,892,280$228,225$315,380

Frequently Asked Questions

How many homes are for sale in ELBERTA, MI 49628?

As of March 2026, there are 1 active listings in ELBERTA, MI (zip code 49628), compared to 1 the prior year.

What is the median home price in ELBERTA, MI 49628?

The median listing price in ELBERTA, MI 49628 is $349,900 as of March 2026, a 7.7% increase from $325,000 the prior year.

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

Homes in ELBERTA, MI 49628 spend an average of 16 days on the market before going under contract, compared to 19 days the prior year.

Is it a seller's or buyer's market in ELBERTA, MI 49628?

Based on current inventory and days-on-market data as of March 2026, ELBERTA, MI 49628 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 16 days on market compared to 19 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELBERTA, MI 49628 save an estimated $6,998 compared to a typical 5% commission on the median listing price of $349,900. 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.