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GRAND MARAIS, MI 49839

Real Estate Market Report  ·  Alger County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
15
⇧ 87.5% vs 8 last year
Pending
2
13% pending ratio
Median Price
$399,000
⇩ 6.1% vs $425,000 last year
Average Price
$578,992
⇩ 10.4% vs $646,200 last year
Days on Market
193
⇧ 83.8% vs 105 days last year

Market Context

Population: 309  ·  Density: 0.8/mi²  ·  Median household income: $44,716

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

Market Analysis

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

The GRAND MARAIS, MI real estate market (49839) currently shows 15 active listings, with 2 pending sales. Homes are averaging 193 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 193 days on market compared to 105 days last year.

The median listing price has fallen 6.1% year-over-year, from $425,000 to $399,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 8 last year
  • Days on market: 193 now vs 105 last year

Median & Average Pricing

Year over Year
  • Median: $399,000 (-6.1% YoY)
  • Average: $578,992 (-10.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 57.1 miles — 58 listings ($25,086,754 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49839Grand Marais, MI 498390.0 mi15$8,684,880$399,000$578,992
49884Shingleton, MI 4988417.0 mi3$1,197,000$399,000$399,000
49836Germfask, MI 4983629.9 mi1$189,900$189,900$189,900
49840Gulliver, MI 4984032.1 mi2$662,600$379,000$331,300
49820Curtis, MI 4982035.2 mi2$1,579,900$789,950$789,950
49806Au Train, MI 4980639.0 mi2$509,900$254,950$254,950
49827Engadine, MI 4982740.4 mi3$1,027,350$342,450$342,450
49816Chatham, MI 4981643.6 mi5$2,057,835$349,900$411,567
49822Deerton, MI 4982244.7 mi1$787,500$787,500$787,500
49748Hulbert, MI 4974847.2 mi3$269,700$89,900$89,900
49891Trenary, MI 4989150.5 mi3$390,000$130,000$130,000
49885Skandia, MI 4988554.3 mi1$114,750$114,750$114,750
49878Rapid River, MI 4987857.1 mi17$7,615,439$401,500$447,967

Frequently Asked Questions

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

As of January 2026, there are 15 active listings in GRAND MARAIS, MI (zip code 49839), compared to 8 the prior year.

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

The median listing price in GRAND MARAIS, MI 49839 is $399,000 as of January 2026, a 6.1% decrease from $425,000 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 193 days on the market before going under contract, compared to 105 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 January 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 193 days on market compared to 105 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 $7,980 compared to a typical 5% commission on the median listing price of $399,000. 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.