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CHEBOYGAN, MI 49721

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The CHEBOYGAN, MI real estate market (49721) currently shows 67 active listings, with 20 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 44 days last year.

The median listing price has risen 12.2% year-over-year, from $328,700 to $368,725.

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 Context

Market Context

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

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

Market Overview

Active Listings
67
⇧ 9.8% vs 61 last year
Pending
20
30% pending ratio
Median Price
$368,725
⇧ 12.2% vs $328,700 last year
Average Price
$416,741
⇩ 21.8% vs $533,111 last year
Days on Market
51
⇧ 15.9% vs 44 days last year

Price Per Square Foot

Median $/sqft
$197
⇧ 18.7% vs $166/sqft last year
Median Home Size
1,781 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 61 last year
  • Days on market: 51 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $368,725 (+12.2% YoY)
  • Average: $416,741 (-21.8% 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 34.4 miles — 165 listings ($166,415,132 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49721Cheboygan, MI 497210.0 mi43$22,000,606$285,725$511,642
49749Indian River, MI 4974912.3 mi21$28,554,351$424,925$1,359,731
49716Brutus, MI 4971614.9 mi2$8,295,000$4,147,500$4,147,500
49755Levering, MI 4975517.4 mi2$929,084$383,725$464,542
49701Mackinaw City, MI 4970118.6 mi7$5,512,003$380,000$787,429
49769Pellston, MI 4976919.3 mi1$847,250$847,250$847,250
49759Millersburg, MI 4975920.8 mi14$4,655,168$297,500$332,512
49799Wolverine, MI 4979922.0 mi5$3,128,750$625,750$625,750
49740Harbor Springs, MI 4974026.4 mi52$77,358,580$869,087$1,487,665
49781Saint Ignace, MI 4978130.5 mi8$3,036,640$375,000$379,580
49719Cedarville, MI 4971931.1 mi5$3,625,000$850,000$725,000
49796Walloon Lake, MI 4979631.5 mi4$8,324,800$1,904,950$2,081,200
49743Hawks, MI 4974334.4 mi1$147,900$147,900$147,900

Frequently Asked Questions

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

As of June 2026, there are 67 active listings in CHEBOYGAN, MI (zip code 49721), compared to 61 the prior year.

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

The median listing price in CHEBOYGAN, MI 49721 is $368,725 as of June 2026, a 12.2% increase from $328,700 the prior year.

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

Homes in CHEBOYGAN, MI 49721 spend an average of 51 days on the market before going under contract, compared to 44 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 June 2026, CHEBOYGAN, MI 49721 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 44 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 $7,375 compared to a typical 5% commission on the median listing price of $368,725. 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.