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PRESQUE ISLE, MI 49777

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

Market Overview

Active Listings
13
⇧ 44.4% vs 9 last year
Pending
3
23% pending ratio
Median Price
$645,000
⇧ 76.1% vs $366,225 last year
Average Price
$780,014
⇧ 111.2% vs $369,273 last year
Days on Market
129
⇧ 46.6% vs 88 days last year

Market Context

Population: 1,899  ·  Density: 13.6/mi²  ·  Median household income: $81,875

Typical home value: $214,348  ·  Homeownership: 96.2%

Market Analysis

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

The PRESQUE ISLE, MI real estate market (49777) currently shows 13 active listings, with 3 pending sales. Homes are averaging 129 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 129 days on market compared to 88 days last year.

The median listing price has risen 76.1% year-over-year, from $366,225 to $645,000.

Whether you are buying or selling in PRESQUE ISLE, 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: 13 this year vs 9 last year
  • Days on market: 129 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $645,000 (+76.1% YoY)
  • Average: $780,014 (+111.2% 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 50.3 miles — 157 listings ($77,107,977 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49777Presque Isle, MI 497770.0 mi13$10,140,182$645,000$780,014
49707Alpena, MI 4970713.1 mi49$31,921,344$229,950$651,456
49779Rogers City, MI 4977919.8 mi7$2,413,775$322,000$344,825
49753Lachine, MI 4975323.0 mi4$1,499,800$374,950$374,950
49746Hillman, MI 4974626.9 mi16$3,593,408$224,000$224,588
49747Hubbard Lake, MI 4974730.7 mi6$2,728,500$492,500$454,750
49765Onaway, MI 4976536.9 mi11$5,322,790$261,500$483,890
48742Lincoln, MI 4874239.0 mi10$2,091,380$227,500$209,138
48619Comins, MI 4861940.9 mi8$1,669,864$210,000$208,733
48740Harrisville, MI 4874043.4 mi11$3,681,249$243,500$334,659
49705Afton, MI 4970546.9 mi5$4,405,000$450,000$881,000
48745Mikado, MI 4874549.3 mi2$609,000$304,500$304,500
49726Drummond Island, MI 4972650.3 mi15$7,031,685$327,500$468,779

Frequently Asked Questions

How many homes are for sale in PRESQUE ISLE, MI 49777?

As of January 2026, there are 13 active listings in PRESQUE ISLE, MI (zip code 49777), compared to 9 the prior year.

What is the median home price in PRESQUE ISLE, MI 49777?

The median listing price in PRESQUE ISLE, MI 49777 is $645,000 as of January 2026, a 76.1% increase from $366,225 the prior year.

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

Homes in PRESQUE ISLE, MI 49777 spend an average of 129 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in PRESQUE ISLE, MI 49777?

Based on current inventory and days-on-market data as of January 2026, PRESQUE ISLE, MI 49777 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 129 days on market compared to 88 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PRESQUE ISLE, MI 49777 save an estimated $12,900 compared to a typical 5% commission on the median listing price of $645,000. 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.