Call or Text (240) SELL-123

GOULD CITY, MI 49838

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

Market Analysis

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

The GOULD CITY, MI real estate market (49838) currently shows 5 active listings, with 1 pending sales. Homes are averaging 190 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 190 days on market compared to 5 days last year.

The median listing price has fallen 39.4% year-over-year, from $400,000 to $242,500.

Whether you are buying or selling in GOULD CITY, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GOULD CITY, MI 49838 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 391  ·  Density: 1.1/mi²  ·  Median household income: $36,711

Typical home value: $175,248  ·  Homeownership: 94.7%

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
1
20% pending ratio
Median Price
$242,500
⇩ 39.4% vs $400,000 last year
Average Price
$232,000
⇩ 42% vs $400,000 last year
Days on Market
190
⇧ 3700% vs 5 days last year

Price Per Square Foot

Median $/sqft
$172
⇧ 9.6% vs $157/sqft last year
Median Home Size
1,230 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 190 now vs 5 last year

Median & Average Pricing

Year over Year
  • Median: $242,500 (-39.4% YoY)
  • Average: $232,000 (-42% 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 52.2 miles — 118 listings ($106,045,510 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49838Gould City, MI 498380.0 mi5$1,075,000$240,000$215,000
49827Engadine, MI 4982712.8 mi3$1,027,350$342,450$342,450
49853McMillan, MI 4985320.5 mi8$1,730,968$199,900$216,371
49883Seney, MI 4988328.5 mi1$174,000$174,000$174,000
49782Beaver Island, MI 4978229.9 mi22$15,465,450$537,500$702,975
49748Hulbert, MI 4974834.6 mi3$261,525$87,175$87,175
49884Shingleton, MI 4988437.7 mi4$1,997,800$499,450$499,450
49760Moran, MI 4976041.3 mi3$1,571,499$435,000$523,833
49895Wetmore, MI 4989544.4 mi11$3,660,338$297,125$332,758
49864Nahma, MI 4986446.0 mi2$389,000$194,500$194,500
49768Paradise, MI 4976848.9 mi4$1,334,000$292,500$333,500
49718Carp Lake, MI 4971851.3 mi0$0$380,000$380,000
49740Harbor Springs, MI 4974052.2 mi52$77,358,580$869,087$1,487,665

Frequently Asked Questions

How many homes are for sale in GOULD CITY, MI 49838?

As of March 2026, there are 5 active listings in GOULD CITY, MI (zip code 49838), compared to 2 the prior year.

What is the median home price in GOULD CITY, MI 49838?

The median listing price in GOULD CITY, MI 49838 is $242,500 as of March 2026, a 39.4% decrease from $400,000 the prior year.

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

Homes in GOULD CITY, MI 49838 spend an average of 190 days on the market before going under contract, compared to 5 days the prior year.

Is it a seller's or buyer's market in GOULD CITY, MI 49838?

Based on current inventory and days-on-market data as of March 2026, GOULD CITY, MI 49838 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 190 days on market compared to 5 days last year.

How much can I save on real estate commission in GOULD CITY, MI?

With SELL123.com's maximum 3% commission, sellers in GOULD CITY, MI 49838 save an estimated $4,850 compared to a typical 5% commission on the median listing price of $242,500. 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.