Call or Text (240) SELL-123

HONOR, MI 49640

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

Market Analysis

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

The HONOR, MI real estate market (49640) currently shows 5 active listings, with 2 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 49 days on market compared to 18 days last year.

The median listing price has fallen 31.4% year-over-year, from $1,082,500 to $742,475.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for HONOR, MI 49640 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
5
vs 5 last year
Pending
2
40% pending ratio
Median Price
$742,475
⇩ 31.4% vs $1,082,500 last year
Average Price
$935,588
⇩ 16.1% vs $1,115,000 last year
Days on Market
49
⇧ 172.2% vs 18 days last year

Price Per Square Foot

Median $/sqft
$312
⇩ 16.8% vs $375/sqft last year
Median Home Size
2,429 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 49 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $742,475 (-31.4% YoY)
  • Average: $935,588 (-16.1% 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 26.0 miles — 265 listings ($240,608,338 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49640Honor, MI 496400.0 mi5$5,685,415$743,750$1,137,083
49650Lake Ann, MI 496507.7 mi6$4,688,724$711,425$781,454
49616Benzonia, MI 4961610.4 mi4$1,741,372$477,425$435,343
49643Interlochen, MI 4964311.5 mi19$12,595,594$447,000$662,926
49664Maple City, MI 4966412.8 mi7$9,661,260$1,250,000$1,380,180
49630Empire, MI 4963014.1 mi2$2,510,000$1,255,000$1,255,000
49685Traverse City, MI 4968516.4 mi64$42,004,992$472,400$656,328
49684Traverse City, MI 4968417.2 mi119$127,431,031$749,900$1,070,849
49614Bear Lake, MI 4961419.8 mi9$3,742,974$350,000$415,886
49625Copemish, MI 4962521.8 mi3$1,125,000$375,000$375,000
49653Lake Leelanau, MI 4965322.9 mi6$7,925,880$995,000$1,320,980
49675Onekama, MI 4967525.6 mi10$7,636,250$584,500$763,625
49682Suttons Bay, MI 4968226.0 mi11$13,859,846$1,100,000$1,259,986

Frequently Asked Questions

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

As of March 2026, there are 5 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 $742,475 as of March 2026, a 31.4% decrease from $1,082,500 the prior year.

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

Homes in HONOR, MI 49640 spend an average of 49 days on the market before going under contract, compared to 18 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 March 2026, HONOR, MI 49640 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 49 days on market compared to 18 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 $14,850 compared to a typical 5% commission on the median listing price of $742,475. 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.