Active Listings
16
⇧ 23.1% vs 13 last year
Data as of September 2026. Source: Realtor.com.
The MICHIGAMME, MI real estate market (49861) currently shows 16 active listings, with 5 pending sales. Homes are averaging 95 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 selling faster, averaging 95 days on market compared to 116 days last year.
The median listing price has risen 21.6% year-over-year, from $611,800 to $743,675.
Population: 561 · Density: 1.2/mi² · Median household income: $62,083
Typical home value: $199,033 · Homeownership: 97.3%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49861 | Michigamme, MI 49861 | 0.0 mi | 5 | $6,868,625 | $1,062,500 | $1,373,725 |
| 49946 | Lanse, MI 49946 | 12.9 mi | 5 | $1,438,335 | $385,000 | $287,667 |
| 49879 | Republic, MI 49879 | 16.5 mi | 8 | $2,465,488 | $269,900 | $308,186 |
| 49808 | Big Bay, MI 49808 | 21.0 mi | 3 | $2,949,900 | $1,380,000 | $983,300 |
| 49903 | Amasa, MI 49903 | 22.8 mi | 8 | $1,412,808 | $139,900 | $176,601 |
| 49866 | Negaunee, MI 49866 | 23.7 mi | 16 | $5,526,176 | $409,900 | $345,386 |
| 49958 | Pelkie, MI 49958 | 29.5 mi | 4 | $656,320 | $170,000 | $164,080 |
| 49871 | Palmer, MI 49871 | 31.7 mi | 3 | $797,850 | $265,950 | $265,950 |
| 49916 | Chassell, MI 49916 | 34.6 mi | 4 | $1,634,800 | $424,700 | $408,700 |
| 49841 | Gwinn, MI 49841 | 38.0 mi | 16 | $4,575,936 | $209,000 | $285,996 |
| 49935 | Iron River, MI 49935 | 38.5 mi | 33 | $11,534,622 | $187,000 | $349,534 |
| 49831 | Felch, MI 49831 | 41.2 mi | 2 | $340,000 | $170,000 | $170,000 |
| 49945 | Lake Linden, MI 49945 | 41.6 mi | 9 | $2,777,697 | $189,900 | $308,633 |
As of September 2026, there are 16 active listings in MICHIGAMME, MI (zip code 49861), compared to 13 the prior year.
The median listing price in MICHIGAMME, MI 49861 is $743,675 as of September 2026, a 21.6% increase from $611,800 the prior year.
Homes in MICHIGAMME, MI 49861 spend an average of 95 days on the market before going under contract, compared to 116 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MICHIGAMME, MI 49861 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 95 days on market compared to 116 days last year.
With SELL123.com's maximum 3% commission, sellers in MICHIGAMME, MI 49861 save an estimated $14,874 compared to a typical 5% commission on the median listing price of $743,675. 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.