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WELLSTON, MI 49689

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

Market Analysis

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

The WELLSTON, MI real estate market (49689) currently shows 9 active listings, with 3 pending sales. Homes are averaging 151 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 151 days on market compared to 63 days last year.

The median listing price has fallen 20% year-over-year, from $199,000 to $159,200.

Whether you are buying or selling in WELLSTON, 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 Context

Market Context

Population: 1,610  ·  Density: 7.7/mi²  ·  Median household income: $59,712

Typical home value: $122,370  ·  Homeownership: 92.4%

Market Overview

Active Listings
9
⇩ 18.2% vs 11 last year
Pending
3
33% pending ratio
Median Price
$159,200
⇩ 20% vs $199,000 last year
Average Price
$236,157
⇧ 24.4% vs $189,886 last year
Days on Market
151
⇧ 139.7% vs 63 days last year

Price Per Square Foot

Median $/sqft
$146
⇩ 12.6% vs $167/sqft last year
Median Home Size
1,204 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 11 last year
  • Days on market: 151 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $159,200 (-20% YoY)
  • Average: $236,157 (+24.4% 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 24.9 miles — 155 listings ($56,224,231 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49689Wellston, MI 496890.0 mi8$1,210,904$139,900$151,363
49619Brethren, MI 496197.3 mi7$2,830,016$295,000$404,288
49645Kaleva, MI 4964512.3 mi4$1,297,000$324,250$324,250
49625Copemish, MI 4962515.1 mi3$1,125,000$375,000$375,000
49668Mesick, MI 4966816.6 mi6$1,892,280$228,225$315,380
49410Fountain, MI 4941017.4 mi8$1,830,168$179,900$228,771
49614Bear Lake, MI 4961418.4 mi9$3,742,974$350,000$415,886
49675Onekama, MI 4967518.8 mi10$7,636,250$584,500$763,625
49601Cadillac, MI 4960119.6 mi61$20,732,680$201,825$339,880
49683Thompsonville, MI 4968322.7 mi20$9,440,420$395,000$472,021
49642Idlewild, MI 4964224.1 mi6$1,149,000$145,000$191,500
49623Chase, MI 4962324.2 mi7$1,647,849$232,400$235,407
49405Custer, MI 4940524.9 mi6$1,689,690$299,900$281,615

Frequently Asked Questions

How many homes are for sale in WELLSTON, MI 49689?

As of March 2026, there are 9 active listings in WELLSTON, MI (zip code 49689), compared to 11 the prior year.

What is the median home price in WELLSTON, MI 49689?

The median listing price in WELLSTON, MI 49689 is $159,200 as of March 2026, a 20% decrease from $199,000 the prior year.

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

Homes in WELLSTON, MI 49689 spend an average of 151 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in WELLSTON, MI 49689?

Based on current inventory and days-on-market data as of March 2026, WELLSTON, MI 49689 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 151 days on market compared to 63 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WELLSTON, MI 49689 save an estimated $3,184 compared to a typical 5% commission on the median listing price of $159,200. 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.