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CHEBOYGAN, MI 49721

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

Market Overview

Active Listings
49
⇧ 40% vs 35 last year
Pending
15
31% pending ratio
Median Price
$279,900
⇧ 8.1% vs $259,000 last year
Average Price
$546,459
⇩ 6% vs $581,187 last year
Days on Market
80
⇧ 23.1% vs 65 days last year

Market Context

Population: 14,034  ·  Density: 20.3/mi²  ·  Median household income: $58,163

Typical home value: $159,404  ·  Homeownership: 83.3%

Market Analysis

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

The CHEBOYGAN, MI real estate market (49721) currently shows 49 active listings, with 15 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 80 days on market compared to 65 days last year.

The median listing price has risen 8.1% year-over-year, from $259,000 to $279,900.

Whether you are buying or selling in CHEBOYGAN, 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: 49 this year vs 35 last year
  • Days on market: 80 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $279,900 (+8.1% YoY)
  • Average: $546,459 (-6% 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 36.7 miles — 296 listings ($389,366,915 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49721Cheboygan, MI 497210.0 mi49$26,776,491$279,900$546,459
49775Pointe Aux Pins, MI 4977513.7 mi6$2,001,798$234,450$333,633
49705Afton, MI 4970515.4 mi5$4,405,000$450,000$881,000
49706Alanson, MI 4970618.0 mi23$13,202,092$359,000$574,004
49765Onaway, MI 4976519.2 mi11$5,322,790$261,500$483,890
49718Carp Lake, MI 4971819.8 mi1$380,000$380,000$380,000
49757Mackinac Island, MI 4975721.5 mi5$5,604,000$995,000$1,120,800
49770Petoskey, MI 4977026.2 mi139$294,219,215$2,399,000$2,116,685
49795Vanderbilt, MI 4979529.1 mi10$8,704,380$577,400$870,438
49779Rogers City, MI 4977930.9 mi7$2,413,775$322,000$344,825
49713Boyne Falls, MI 4971331.2 mi19$12,632,549$615,000$664,871
49745Hessel, MI 4974533.2 mi12$6,870,000$387,500$572,500
49725De Tour Village, MI 4972536.7 mi9$6,834,825$354,500$759,425

Frequently Asked Questions

How many homes are for sale in CHEBOYGAN, MI 49721?

As of January 2026, there are 49 active listings in CHEBOYGAN, MI (zip code 49721), compared to 35 the prior year.

What is the median home price in CHEBOYGAN, MI 49721?

The median listing price in CHEBOYGAN, MI 49721 is $279,900 as of January 2026, a 8.1% increase from $259,000 the prior year.

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

Homes in CHEBOYGAN, MI 49721 spend an average of 80 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in CHEBOYGAN, MI 49721?

Based on current inventory and days-on-market data as of January 2026, CHEBOYGAN, MI 49721 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 80 days on market compared to 65 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CHEBOYGAN, MI 49721 save an estimated $5,598 compared to a typical 5% commission on the median listing price of $279,900. 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.