Call or Text (240) SELL-123

ELK RAPIDS, MI 49629

Real Estate Market Report  ·  Antrim County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The ELK RAPIDS, MI real estate market (49629) currently shows 9 active listings, with 1 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 28 days last year.

The median listing price has fallen 22.9% year-over-year, from $594,625 to $458,750.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for ELK RAPIDS, MI 49629 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 2,067  ·  Density: 212.7/mi²  ·  Median household income: $80,515

Typical home value: $326,423  ·  Homeownership: 83.6%

Market Overview

Active Listings
9
⇧ 28.6% vs 7 last year
Pending
1
11% pending ratio
Median Price
$458,750
⇩ 22.9% vs $594,625 last year
Average Price
$589,535
⇩ 51.5% vs $1,216,073 last year
Days on Market
70
⇧ 150% vs 28 days last year

Price Per Square Foot

Median $/sqft
$282
⇩ 10.2% vs $314/sqft last year
Median Home Size
1,628 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 7 last year
  • Days on market: 70 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $458,750 (-22.9% YoY)
  • Average: $589,535 (-51.5% 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 26.2 miles — 382 listings ($238,419,516 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49629Elk Rapids, MI 496290.0 mi6$2,502,930$387,175$417,155
49676Rapid City, MI 496766.9 mi18$17,129,412$744,950$951,634
49686Traverse City, MI 496868.9 mi147$94,110,135$356,225$640,205
49615Bellaire, MI 4961510.2 mi72$29,116,944$269,000$404,402
49682Suttons Bay, MI 4968213.5 mi11$13,859,846$1,100,000$1,259,986
49696Traverse City, MI 4969616.6 mi27$15,184,530$514,500$562,390
49653Lake Leelanau, MI 4965317.0 mi6$7,925,880$995,000$1,320,980
49729Ellsworth, MI 4972918.3 mi5$2,096,900$457,250$419,380
49621Cedar, MI 4962118.9 mi12$7,086,072$630,500$590,506
49727East Jordan, MI 4972721.0 mi26$24,356,150$421,175$936,775
49646Kalkaska, MI 4964621.1 mi31$10,636,751$300,500$343,121
49664Maple City, MI 4966424.4 mi7$9,661,260$1,250,000$1,380,180
49633Fife Lake, MI 4963326.2 mi14$4,752,706$239,950$339,479

Frequently Asked Questions

How many homes are for sale in ELK RAPIDS, MI 49629?

As of April 2026, there are 9 active listings in ELK RAPIDS, MI (zip code 49629), compared to 7 the prior year.

What is the median home price in ELK RAPIDS, MI 49629?

The median listing price in ELK RAPIDS, MI 49629 is $458,750 as of April 2026, a 22.9% decrease from $594,625 the prior year.

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

Homes in ELK RAPIDS, MI 49629 spend an average of 70 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in ELK RAPIDS, MI 49629?

Based on current inventory and days-on-market data as of April 2026, ELK RAPIDS, MI 49629 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 28 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELK RAPIDS, MI 49629 save an estimated $9,175 compared to a typical 5% commission on the median listing price of $458,750. 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.