Data as of June 2026. Source: Realtor.com.
The ELK RAPIDS, MI real estate market (49629) currently shows 15 active listings, with 6 pending sales. Homes are averaging 54 days on the market before going under contract.
Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 54 days on market compared to 36 days last year.
The median listing price has fallen 8.9% year-over-year, from $574,900 to $523,725.
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.
Population: 2,067 · Density: 212.7/mi² · Median household income: $80,515
Typical home value: $326,423 · Homeownership: 83.6%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49629 | Elk Rapids, MI 49629 | 0.0 mi | 6 | $2,502,930 | $387,175 | $417,155 |
| 49676 | Rapid City, MI 49676 | 6.9 mi | 18 | $17,129,412 | $744,950 | $951,634 |
| 49686 | Traverse City, MI 49686 | 8.9 mi | 147 | $94,110,135 | $356,225 | $640,205 |
| 49615 | Bellaire, MI 49615 | 10.2 mi | 72 | $29,116,944 | $269,000 | $404,402 |
| 49682 | Suttons Bay, MI 49682 | 13.5 mi | 11 | $13,859,846 | $1,100,000 | $1,259,986 |
| 49696 | Traverse City, MI 49696 | 16.6 mi | 27 | $15,184,530 | $514,500 | $562,390 |
| 49653 | Lake Leelanau, MI 49653 | 17.0 mi | 6 | $7,925,880 | $995,000 | $1,320,980 |
| 49729 | Ellsworth, MI 49729 | 18.3 mi | 5 | $2,096,900 | $457,250 | $419,380 |
| 49621 | Cedar, MI 49621 | 18.9 mi | 12 | $7,086,072 | $630,500 | $590,506 |
| 49727 | East Jordan, MI 49727 | 21.0 mi | 26 | $24,356,150 | $421,175 | $936,775 |
| 49646 | Kalkaska, MI 49646 | 21.1 mi | 31 | $10,636,751 | $300,500 | $343,121 |
| 49664 | Maple City, MI 49664 | 24.4 mi | 7 | $9,661,260 | $1,250,000 | $1,380,180 |
| 49633 | Fife Lake, MI 49633 | 26.2 mi | 14 | $4,752,706 | $239,950 | $339,479 |
As of June 2026, there are 15 active listings in ELK RAPIDS, MI (zip code 49629), compared to 20 the prior year.
The median listing price in ELK RAPIDS, MI 49629 is $523,725 as of June 2026, a 8.9% decrease from $574,900 the prior year.
Homes in ELK RAPIDS, MI 49629 spend an average of 54 days on the market before going under contract, compared to 36 days the prior year.
Based on current inventory and days-on-market data as of June 2026, ELK RAPIDS, MI 49629 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 54 days on market compared to 36 days last year.
With SELL123.com's maximum 3% commission, sellers in ELK RAPIDS, MI 49629 save an estimated $10,475 compared to a typical 5% commission on the median listing price of $523,725. 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.