Active Listings
23
⇧ 9.5% vs 21 last year
Data as of March 2026. Source: Realtor.com.
The LAKE CITY, MI real estate market (49651) currently shows 23 active listings, with 6 pending sales. Homes are averaging 125 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 125 days on market compared to 75 days last year.
The median listing price has fallen 6.2% year-over-year, from $245,000 to $229,900.
Whether you are buying or selling in LAKE CITY, 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: 7,647 · Density: 12.5/mi² · Median household income: $57,654
Typical home value: $153,021 · Homeownership: 81.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49651 | Lake City, MI 49651 | 0.0 mi | 25 | $8,913,300 | $257,400 | $356,532 |
| 49633 | Fife Lake, MI 49633 | 11.9 mi | 14 | $4,752,706 | $239,950 | $339,479 |
| 49657 | McBain, MI 49657 | 12.9 mi | 3 | $800,550 | $266,850 | $266,850 |
| 48630 | Houghton Lake Heights, MI 48630 | 17.3 mi | 3 | $810,900 | $270,300 | $270,300 |
| 49680 | South Boardman, MI 49680 | 18.4 mi | 2 | $754,800 | $377,400 | $377,400 |
| 49646 | Kalkaska, MI 49646 | 23.1 mi | 31 | $10,636,751 | $300,500 | $343,121 |
| 49649 | Kingsley, MI 49649 | 23.8 mi | 27 | $13,070,592 | $438,225 | $484,096 |
| 49688 | Tustin, MI 49688 | 25.2 mi | 11 | $3,595,185 | $347,675 | $326,835 |
| 48651 | Prudenville, MI 48651 | 26.3 mi | 22 | $6,411,592 | $271,950 | $291,436 |
| 48625 | Harrison, MI 48625 | 27.5 mi | 84 | $21,626,724 | $169,200 | $257,461 |
| 49690 | Williamsburg, MI 49690 | 29.8 mi | 28 | $35,526,764 | $657,000 | $1,268,813 |
| 49655 | Leroy, MI 49655 | 30.3 mi | 11 | $2,902,504 | $197,450 | $263,864 |
| 49738 | Grayling, MI 49738 | 32.1 mi | 42 | $13,471,458 | $254,675 | $320,749 |
As of March 2026, there are 23 active listings in LAKE CITY, MI (zip code 49651), compared to 21 the prior year.
The median listing price in LAKE CITY, MI 49651 is $229,900 as of March 2026, a 6.2% decrease from $245,000 the prior year.
Homes in LAKE CITY, MI 49651 spend an average of 125 days on the market before going under contract, compared to 75 days the prior year.
Based on current inventory and days-on-market data as of March 2026, LAKE CITY, MI 49651 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 125 days on market compared to 75 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE CITY, MI 49651 save an estimated $4,598 compared to a typical 5% commission on the median listing price of $229,900. 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.