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MANISTIQUE, MI 49854

Real Estate Market Report  ·  Schoolcraft County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
20
⇩ 25.9% vs 27 last year
Pending
5
25% pending ratio
Median Price
$326,000
⇧ 30% vs $250,750 last year
Average Price
$358,194
⇩ 17.3% vs $432,865 last year
Days on Market
123
⇧ 50% vs 82 days last year

Market Context

Population: 6,172  ·  Density: 5.0/mi²  ·  Median household income: $53,836

Typical home value: $120,508  ·  Homeownership: 82.5%

Market Analysis

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

The MANISTIQUE, MI real estate market (49854) currently shows 20 active listings, with 5 pending sales. Homes are averaging 123 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 123 days on market compared to 82 days last year.

The median listing price has risen 30% year-over-year, from $250,750 to $326,000.

Whether you are buying or selling in MANISTIQUE, 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: 20 this year vs 27 last year
  • Days on market: 123 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $326,000 (+30% YoY)
  • Average: $358,194 (-17.3% 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 41.3 miles — 92 listings ($30,751,324 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49854Manistique, MI 498540.0 mi20$7,163,880$326,000$358,194
49840Gulliver, MI 4984014.9 mi2$662,600$379,000$331,300
49864Nahma, MI 4986422.2 mi2$399,000$199,500$199,500
49836Germfask, MI 4983623.9 mi1$189,900$189,900$189,900
49878Rapid River, MI 4987825.9 mi17$7,615,439$401,500$447,967
49883Seney, MI 4988327.9 mi3$928,500$309,500$309,500
49838Gould City, MI 4983829.5 mi7$1,458,331$205,000$208,333
49820Curtis, MI 4982033.4 mi2$1,579,900$789,950$789,950
49853McMillan, MI 4985334.8 mi8$1,739,464$199,900$217,433
49872Perkins, MI 4987234.9 mi2$354,000$177,000$177,000
49837Gladstone, MI 4983738.5 mi22$6,605,610$248,500$300,255
49827Engadine, MI 4982740.0 mi3$1,027,350$342,450$342,450
49880Rock, MI 4988041.3 mi3$1,027,350$342,450$342,450

Frequently Asked Questions

How many homes are for sale in MANISTIQUE, MI 49854?

As of January 2026, there are 20 active listings in MANISTIQUE, MI (zip code 49854), compared to 27 the prior year.

What is the median home price in MANISTIQUE, MI 49854?

The median listing price in MANISTIQUE, MI 49854 is $326,000 as of January 2026, a 30% increase from $250,750 the prior year.

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

Homes in MANISTIQUE, MI 49854 spend an average of 123 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in MANISTIQUE, MI 49854?

Based on current inventory and days-on-market data as of January 2026, MANISTIQUE, MI 49854 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 123 days on market compared to 82 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MANISTIQUE, MI 49854 save an estimated $6,520 compared to a typical 5% commission on the median listing price of $326,000. 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.