Population: 2,067 · Density: 212.7/mi² · Median household income: $80,515
Typical home value: $326,423 · Homeownership: 83.6%
Data as of January 2026. Source: Realtor.com.
The ELK RAPIDS, MI real estate market (49629) currently shows 9 active listings, with 3 pending sales. Homes are averaging 156 days on the market before going under contract.
Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 156 days on market compared to 82 days last year.
The median listing price has risen 8.2% year-over-year, from $449,925 to $486,700.
Whether you are buying or selling in ELK RAPIDS, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49629 | Elk Rapids, MI 49629 | 0.0 mi | 9 | $7,398,603 | $486,700 | $822,067 |
| 49676 | Rapid City, MI 49676 | 6.9 mi | 16 | $16,259,088 | $890,000 | $1,016,193 |
| 49686 | Traverse City, MI 49686 | 8.9 mi | 137 | $89,255,911 | $359,500 | $651,503 |
| 49615 | Bellaire, MI 49615 | 10.2 mi | 59 | $22,893,298 | $265,000 | $388,022 |
| 49682 | Suttons Bay, MI 49682 | 13.5 mi | 13 | $15,780,297 | $1,000,000 | $1,213,869 |
| 49696 | Traverse City, MI 49696 | 16.6 mi | 33 | $17,549,895 | $480,000 | $531,815 |
| 49653 | Lake Leelanau, MI 49653 | 17.0 mi | 7 | $12,926,550 | $1,685,000 | $1,846,650 |
| 49729 | Ellsworth, MI 49729 | 18.3 mi | 7 | $3,247,797 | $479,000 | $463,971 |
| 49621 | Cedar, MI 49621 | 18.9 mi | 13 | $9,365,785 | $657,000 | $720,445 |
| 49727 | East Jordan, MI 49727 | 21.0 mi | 25 | $25,650,750 | $499,900 | $1,026,030 |
| 49646 | Kalkaska, MI 49646 | 21.1 mi | 32 | $11,147,424 | $303,000 | $348,357 |
| 49664 | Maple City, MI 49664 | 24.4 mi | 6 | $8,100,960 | $1,099,900 | $1,350,160 |
| 49633 | Fife Lake, MI 49633 | 26.2 mi | 18 | $6,059,700 | $245,000 | $336,650 |
As of January 2026, there are 9 active listings in ELK RAPIDS, MI (zip code 49629), compared to 8 the prior year.
The median listing price in ELK RAPIDS, MI 49629 is $486,700 as of January 2026, a 8.2% increase from $449,925 the prior year.
Homes in ELK RAPIDS, MI 49629 spend an average of 156 days on the market before going under contract, compared to 82 days the prior year.
Based on current inventory and days-on-market data as of January 2026, ELK RAPIDS, MI 49629 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 156 days on market compared to 82 days last year.
With SELL123.com's maximum 3% commission, sellers in ELK RAPIDS, MI 49629 save an estimated $9,734 compared to a typical 5% commission on the median listing price of $486,700. 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.