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TROUT LAKE, MI 49793

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

Market Analysis

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

The TROUT LAKE, MI real estate market (49793) currently shows 3 active listings, with 1 pending sales. Homes are averaging 140 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 140 days on market compared to 159 days last year.

The median listing price has risen 291.4% year-over-year, from $176,950 to $692,500.

Whether you are buying or selling in TROUT LAKE, 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: 126  ·  Density: 0.6/mi²  ·  Median household income: $43,750

Typical home value: $143,879  ·  Homeownership: 100.0%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
1
33% pending ratio
Median Price
$692,500
⇧ 291.4% vs $176,950 last year
Average Price
$692,500
⇧ 291.4% vs $176,950 last year
Days on Market
140
⇩ 11.9% vs 159 days last year

Price Per Square Foot

Median $/sqft
$283
⇧ 133.9% vs $121/sqft last year
Median Home Size
2,235 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 140 now vs 159 last year

Median & Average Pricing

Year over Year
  • Median: $692,500 (+291.4% YoY)
  • Average: $692,500 (+291.4% 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 41.3 miles — 67 listings ($21,265,109 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49793Trout Lake, MI 497930.0 mi3$1,503,750$501,250$501,250
49728Eckerman, MI 4972811.2 mi2$450,000$225,000$225,000
49760Moran, MI 4976013.1 mi3$1,571,499$435,000$523,833
49715Brimley, MI 4971520.8 mi5$955,765$169,000$191,153
49827Engadine, MI 4982723.7 mi3$1,027,350$342,450$342,450
49788Kincheloe, MI 4978827.8 mi9$1,764,450$179,700$196,050
49868Newberry, MI 4986829.3 mi18$4,520,844$185,000$251,158
49820Curtis, MI 4982030.4 mi3$1,858,899$279,000$619,633
49724Dafter, MI 4972432.3 mi1$252,500$252,500$252,500
49853McMillan, MI 4985335.0 mi8$1,730,968$199,900$216,371
49838Gould City, MI 4983835.4 mi5$1,075,000$240,000$215,000
49719Cedarville, MI 4971938.7 mi5$3,625,000$850,000$725,000
49755Levering, MI 4975541.3 mi2$929,084$383,725$464,542

Frequently Asked Questions

How many homes are for sale in TROUT LAKE, MI 49793?

As of March 2026, there are 3 active listings in TROUT LAKE, MI (zip code 49793), compared to 2 the prior year.

What is the median home price in TROUT LAKE, MI 49793?

The median listing price in TROUT LAKE, MI 49793 is $692,500 as of March 2026, a 291.4% increase from $176,950 the prior year.

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

Homes in TROUT LAKE, MI 49793 spend an average of 140 days on the market before going under contract, compared to 159 days the prior year.

Is it a seller's or buyer's market in TROUT LAKE, MI 49793?

Based on current inventory and days-on-market data as of March 2026, TROUT LAKE, MI 49793 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 140 days on market compared to 159 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TROUT LAKE, MI 49793 save an estimated $13,850 compared to a typical 5% commission on the median listing price of $692,500. 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.