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NEWBERRY, MI 49868

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

Market Overview

Active Listings
16
⇩ 20% vs 20 last year
Pending
2
13% pending ratio
Median Price
$185,000
⇧ 28% vs $144,475 last year
Average Price
$255,640
⇧ 31.4% vs $194,580 last year
Days on Market
93
⇧ 8.1% vs 86 days last year

Market Context

Population: 4,401  ·  Density: 2.4/mi²  ·  Median household income: $49,223

Typical home value: $97,405  ·  Homeownership: 79.3%

Market Analysis

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

The NEWBERRY, MI real estate market (49868) currently shows 16 active listings, with 2 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 93 days on market compared to 86 days last year.

The median listing price has risen 28% year-over-year, from $144,475 to $185,000.

Whether you are buying or selling in NEWBERRY, 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: 16 this year vs 20 last year
  • Days on market: 93 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $185,000 (+28% YoY)
  • Average: $255,640 (+31.4% 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 57.9 miles — 97 listings ($36,141,932 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49868Newberry, MI 498680.0 mi16$4,090,240$185,000$255,640
49748Hulbert, MI 4974817.5 mi3$269,700$89,900$89,900
49827Engadine, MI 4982722.0 mi3$1,027,350$342,450$342,450
49883Seney, MI 4988325.4 mi3$928,500$309,500$309,500
49836Germfask, MI 4983627.4 mi1$189,900$189,900$189,900
49793Trout Lake, MI 4979329.4 mi4$933,200$200,000$233,300
49838Gould City, MI 4983831.8 mi7$1,458,331$205,000$208,333
49715Brimley, MI 4971539.3 mi4$742,900$159,000$185,725
49760Moran, MI 4976042.2 mi2$1,136,500$568,250$568,250
49854Manistique, MI 4985449.5 mi20$7,163,880$326,000$358,194
49788Kincheloe, MI 4978852.1 mi10$1,801,710$174,500$180,171
49724Dafter, MI 4972454.5 mi1$260,000$260,000$260,000
49782Beaver Island, MI 4978257.9 mi23$16,139,721$537,500$701,727

Frequently Asked Questions

How many homes are for sale in NEWBERRY, MI 49868?

As of January 2026, there are 16 active listings in NEWBERRY, MI (zip code 49868), compared to 20 the prior year.

What is the median home price in NEWBERRY, MI 49868?

The median listing price in NEWBERRY, MI 49868 is $185,000 as of January 2026, a 28% increase from $144,475 the prior year.

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

Homes in NEWBERRY, MI 49868 spend an average of 93 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in NEWBERRY, MI 49868?

Based on current inventory and days-on-market data as of January 2026, NEWBERRY, MI 49868 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 93 days on market compared to 86 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEWBERRY, MI 49868 save an estimated $3,700 compared to a typical 5% commission on the median listing price of $185,000. 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.