Active Listings
3
⇧ 50% vs 2 last year
Population: 375 · Density: 91.5/mi² · Median household income: $89,219
Typical home value: $227,891 · Homeownership: 79.3%
Data as of January 2026. Source: Realtor.com.
The WALLOON LAKE, MI real estate market (49796) currently shows 3 active listings. Homes are averaging 66 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 66 days on market compared to 93 days last year.
The median listing price has risen 37% year-over-year, from $2,300,000 to $3,150,000.
Whether you are buying or selling in WALLOON 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49796 | Walloon Lake, MI 49796 | 0.0 mi | 3 | $7,804,899 | $3,150,000 | $2,601,633 |
| 49770 | Petoskey, MI 49770 | 5.6 mi | 139 | $294,219,215 | $2,399,000 | $2,116,685 |
| 49727 | East Jordan, MI 49727 | 12.4 mi | 25 | $25,650,750 | $499,900 | $1,026,030 |
| 49720 | Charlevoix, MI 49720 | 14.2 mi | 58 | $45,911,814 | $549,900 | $791,583 |
| 49740 | Harbor Springs, MI 49740 | 17.4 mi | 57 | $82,833,483 | $754,400 | $1,453,219 |
| 49729 | Ellsworth, MI 49729 | 18.1 mi | 7 | $3,247,797 | $479,000 | $463,971 |
| 49795 | Vanderbilt, MI 49795 | 19.8 mi | 10 | $8,704,380 | $577,400 | $870,438 |
| 49622 | Central Lake, MI 49622 | 20.6 mi | 16 | $17,669,968 | $549,500 | $1,104,373 |
| 49627 | Eastport, MI 49627 | 22.9 mi | 1 | $1,850,000 | $1,850,000 | $1,850,000 |
| 49705 | Afton, MI 49705 | 24.3 mi | 5 | $4,405,000 | $450,000 | $881,000 |
| 49659 | Mancelona, MI 49659 | 26.0 mi | 28 | $7,096,208 | $249,000 | $253,436 |
| 49648 | Kewadin, MI 49648 | 27.9 mi | 26 | $35,026,940 | $437,450 | $1,347,190 |
| 49721 | Cheboygan, MI 49721 | 31.4 mi | 49 | $26,776,491 | $279,900 | $546,459 |
As of January 2026, there are 3 active listings in WALLOON LAKE, MI (zip code 49796), compared to 2 the prior year.
The median listing price in WALLOON LAKE, MI 49796 is $3,150,000 as of January 2026, a 37% increase from $2,300,000 the prior year.
Homes in WALLOON LAKE, MI 49796 spend an average of 66 days on the market before going under contract, compared to 93 days the prior year.
Based on current inventory and days-on-market data as of January 2026, WALLOON LAKE, MI 49796 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 66 days on market compared to 93 days last year.
With SELL123.com's maximum 3% commission, sellers in WALLOON LAKE, MI 49796 save an estimated $63,000 compared to a typical 5% commission on the median listing price of $3,150,000. 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.