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PRESQUE ISLE, MI 49777

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

Market Analysis

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

The PRESQUE ISLE, MI real estate market (49777) currently shows 13 active listings, with 4 pending sales. Homes are averaging 132 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 132 days on market compared to 127 days last year.

The median listing price has risen 50.3% year-over-year, from $375,000 to $563,575.

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 Context

Market Context

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

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

Market Overview

Active Listings
13
⇧ 44.4% vs 9 last year
Pending
4
31% pending ratio
Median Price
$563,575
⇧ 50.3% vs $375,000 last year
Average Price
$554,678
⇧ 50.2% vs $369,219 last year
Days on Market
132
⇧ 3.9% vs 127 days last year

Price Per Square Foot

Median $/sqft
$262
⇧ 27.2% vs $206/sqft last year
Median Home Size
2,032 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 9 last year
  • Days on market: 132 now vs 127 last year

Median & Average Pricing

Year over Year
  • Median: $563,575 (+50.3% YoY)
  • Average: $554,678 (+50.2% 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
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 50.3 miles — 159 listings ($80,199,284 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49777Presque Isle, MI 497770.0 mi12$8,853,072$598,725$737,756
49707Alpena, MI 4970713.1 mi53$36,362,452$239,900$686,084
49779Rogers City, MI 4977919.8 mi9$3,271,275$310,500$363,475
49753Lachine, MI 4975323.0 mi2$747,400$373,700$373,700
49746Hillman, MI 4974626.9 mi17$3,689,544$196,225$217,032
49747Hubbard Lake, MI 4974730.7 mi4$1,560,000$395,000$390,000
49765Onaway, MI 4976536.9 mi9$5,545,368$322,000$616,152
48742Lincoln, MI 4874239.0 mi11$2,580,325$260,000$234,575
48619Comins, MI 4861940.9 mi9$1,599,525$152,450$177,725
48740Harrisville, MI 4874043.4 mi11$3,748,547$243,500$340,777
49705Afton, MI 4970546.9 mi4$3,788,000$415,000$947,000
48745Mikado, MI 4874549.3 mi2$958,000$479,000$479,000
49726Drummond Island, MI 4972650.3 mi16$7,495,776$327,500$468,486

Frequently Asked Questions

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

As of March 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 $563,575 as of March 2026, a 50.3% increase from $375,000 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 132 days on the market before going under contract, compared to 127 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 March 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 132 days on market compared to 127 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 $11,272 compared to a typical 5% commission on the median listing price of $563,575. 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.