Active Listings
5
— vs 5 last year
Data as of April 2026. Source: Realtor.com.
The MICHIGAMME, MI real estate market (49861) currently shows 5 active listings, with 2 pending sales. Homes are averaging 33 days on the market before going under contract.
Inventory levels are unchanged compared to last year.
Homes are selling faster, averaging 33 days on market compared to 209 days last year.
The median listing price has fallen 36.8% year-over-year, from $791,175 to $500,000.
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 April 2026, there are 5 active listings in MICHIGAMME, MI (zip code 49861), compared to 5 the prior year.
The median listing price in MICHIGAMME, MI 49861 is $500,000 as of April 2026, a 36.8% decrease from $791,175 the prior year.
Homes in MICHIGAMME, MI 49861 spend an average of 33 days on the market before going under contract, compared to 209 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MICHIGAMME, MI 49861 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 33 days on market compared to 209 days last year.
With SELL123.com's maximum 3% commission, sellers in MICHIGAMME, MI 49861 save an estimated $10,000 compared to a typical 5% commission on the median listing price of $500,000. 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.