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HONOR, MI 49640

Real Estate Market Report  ·  Benzie County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
7
⇧ 40% vs 5 last year
Pending
3
43% pending ratio
Median Price
$550,000
⇩ 50% vs $1,100,000 last year
Average Price
$515,380
⇩ 45.2% vs $940,980 last year
Days on Market
113
⇧ 140.4% vs 47 days last year

Market Context

Population: 1,255  ·  Density: 7.6/mi²  ·  Median household income: $76,167

Typical home value: $286,447  ·  Homeownership: 92.5%

Market Analysis

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

The HONOR, MI real estate market (49640) currently shows 7 active listings, with 3 pending sales. Homes are averaging 113 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 113 days on market compared to 47 days last year.

The median listing price has fallen 50% year-over-year, from $1,100,000 to $550,000.

Whether you are buying or selling in HONOR, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 5 last year
  • Days on market: 113 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $550,000 (-50% YoY)
  • Average: $515,380 (-45.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.3 miles — 281 listings ($167,270,416 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49640Honor, MI 496400.0 mi7$3,607,660$550,000$515,380
49650Lake Ann, MI 496507.7 mi4$2,839,200$656,000$709,800
49616Benzonia, MI 4961610.4 mi6$2,156,880$298,500$359,480
49643Interlochen, MI 4964311.5 mi22$15,079,900$495,000$685,450
49683Thompsonville, MI 4968313.6 mi17$10,862,405$449,000$638,965
49621Cedar, MI 4962116.1 mi13$9,365,785$657,000$720,445
49613Arcadia, MI 4961317.0 mi3$3,142,500$1,047,500$1,047,500
49637Grawn, MI 4963717.2 mi20$8,246,540$419,900$412,327
49654Leland, MI 4965421.2 mi7$6,406,897$729,000$915,271
49620Buckley, MI 4962022.1 mi6$1,732,350$284,950$288,725
49645Kaleva, MI 4964524.1 mi7$1,189,300$169,900$169,900
49686Traverse City, MI 4968625.6 mi137$89,255,911$359,500$651,503
49649Kingsley, MI 4964927.3 mi32$13,385,088$419,900$418,284

Frequently Asked Questions

How many homes are for sale in HONOR, MI 49640?

As of January 2026, there are 7 active listings in HONOR, MI (zip code 49640), compared to 5 the prior year.

What is the median home price in HONOR, MI 49640?

The median listing price in HONOR, MI 49640 is $550,000 as of January 2026, a 50% decrease from $1,100,000 the prior year.

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

Homes in HONOR, MI 49640 spend an average of 113 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in HONOR, MI 49640?

Based on current inventory and days-on-market data as of January 2026, HONOR, MI 49640 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 113 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HONOR, MI 49640 save an estimated $11,000 compared to a typical 5% commission on the median listing price of $550,000. 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.