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GRAND MARAIS, MI 49839

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

Market Analysis

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

The GRAND MARAIS, MI real estate market (49839) currently shows 13 active listings. Homes are averaging 253 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 253 days on market compared to 128 days last year.

The median listing price has fallen 56.6% year-over-year, from $899,000 to $390,500.

Whether you are buying or selling in GRAND MARAIS, 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: 309  ·  Density: 0.8/mi²  ·  Median household income: $44,716

Typical home value: $150,534  ·  Homeownership: 84.9%

Market Overview

Active Listings
13
⇧ 116.7% vs 6 last year
Pending
0
0% pending ratio
Median Price
$390,500
⇩ 56.6% vs $899,000 last year
Average Price
$562,377
⇩ 33% vs $839,667 last year
Days on Market
253
⇧ 97.7% vs 128 days last year

Price Per Square Foot

Median $/sqft
$286
⇩ 7.4% vs $309/sqft last year
Median Home Size
1,493 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 6 last year
  • Days on market: 253 now vs 128 last year

Median & Average Pricing

Year over Year
  • Median: $390,500 (-56.6% YoY)
  • Average: $562,377 (-33% 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 61.4 miles — 107 listings ($38,961,473 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49839Grand Marais, MI 498390.0 mi13$7,233,902$382,000$556,454
49884Shingleton, MI 4988417.0 mi4$1,997,800$499,450$499,450
49868Newberry, MI 4986829.9 mi18$4,520,844$185,000$251,158
49862Munising, MI 4986232.4 mi19$8,417,589$280,500$443,031
49854Manistique, MI 4985436.8 mi21$6,698,349$274,500$318,969
49895Wetmore, MI 4989539.8 mi11$3,660,338$297,125$332,758
49838Gould City, MI 4983840.9 mi5$1,075,000$240,000$215,000
49825Eben Junction, MI 4982544.6 mi3$1,475,001$425,000$491,667
49768Paradise, MI 4976846.6 mi4$1,334,000$292,500$333,500
49891Trenary, MI 4989150.5 mi2$260,000$130,000$130,000
49728Eckerman, MI 4972855.8 mi2$450,000$225,000$225,000
49793Trout Lake, MI 4979357.8 mi3$1,503,750$501,250$501,250
49872Perkins, MI 4987261.4 mi2$334,900$167,450$167,450

Frequently Asked Questions

How many homes are for sale in GRAND MARAIS, MI 49839?

As of March 2026, there are 13 active listings in GRAND MARAIS, MI (zip code 49839), compared to 6 the prior year.

What is the median home price in GRAND MARAIS, MI 49839?

The median listing price in GRAND MARAIS, MI 49839 is $390,500 as of March 2026, a 56.6% decrease from $899,000 the prior year.

How long do homes stay on the market in GRAND MARAIS, MI?

Homes in GRAND MARAIS, MI 49839 spend an average of 253 days on the market before going under contract, compared to 128 days the prior year.

Is it a seller's or buyer's market in GRAND MARAIS, MI 49839?

Based on current inventory and days-on-market data as of March 2026, GRAND MARAIS, MI 49839 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 253 days on market compared to 128 days last year.

How much can I save on real estate commission in GRAND MARAIS, MI?

With SELL123.com's maximum 3% commission, sellers in GRAND MARAIS, MI 49839 save an estimated $7,810 compared to a typical 5% commission on the median listing price of $390,500. 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.