Active Listings
5
⇩ 28.6% vs 7 last year
Data as of March 2026. Source: Realtor.com.
The MICHIGAMME, MI real estate market (49861) currently shows 5 active listings, with 1 pending sales. Homes are averaging 121 days on the market before going under contract.
Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 121 days on market compared to 206 days last year.
The median listing price has risen 145.7% year-over-year, from $432,400 to $1,062,500.
Whether you are buying or selling in MICHIGAMME, 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.
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 March 2026, there are 5 active listings in MICHIGAMME, MI (zip code 49861), compared to 7 the prior year.
The median listing price in MICHIGAMME, MI 49861 is $1,062,500 as of March 2026, a 145.7% increase from $432,400 the prior year.
Homes in MICHIGAMME, MI 49861 spend an average of 121 days on the market before going under contract, compared to 206 days the prior year.
Based on current inventory and days-on-market data as of March 2026, MICHIGAMME, MI 49861 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 121 days on market compared to 206 days last year.
With SELL123.com's maximum 3% commission, sellers in MICHIGAMME, MI 49861 save an estimated $21,250 compared to a typical 5% commission on the median listing price of $1,062,500. 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.