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RAPID RIVER, MI 49878

Real Estate Market Report  ·  Delta County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The RAPID RIVER, MI real estate market (49878) currently shows 18 active listings, with 6 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 92 days on market compared to 87 days last year.

The median listing price has fallen 30.8% year-over-year, from $609,900 to $422,250.

Whether you are buying or selling in RAPID RIVER, 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 Context

Market Context

Population: 3,204  ·  Density: 2.7/mi²  ·  Median household income: $62,800

Typical home value: $158,448  ·  Homeownership: 93.1%

Market Overview

Active Listings
18
⇧ 63.6% vs 11 last year
Pending
6
33% pending ratio
Median Price
$422,250
⇩ 30.8% vs $609,900 last year
Average Price
$561,987
⇩ 18.5% vs $689,382 last year
Days on Market
92
⇧ 5.7% vs 87 days last year

Price Per Square Foot

Median $/sqft
$215
⇩ 8.1% vs $234/sqft last year
Median Home Size
1,712 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 11 last year
  • Days on market: 92 now vs 87 last year

Median & Average Pricing

Year over Year
  • Median: $422,250 (-30.8% YoY)
  • Average: $561,987 (-18.5% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 40.2 miles — 119 listings ($42,545,074 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49878Rapid River, MI 498780.0 mi13$6,016,166$398,000$462,782
49837Gladstone, MI 4983712.7 mi23$7,427,459$254,250$322,933
49894Wells, MI 4989415.8 mi3$409,050$153,050$136,350
49829Escanaba, MI 4982919.6 mi35$12,344,080$314,450$352,688
49880Rock, MI 4988020.4 mi4$1,255,500$327,225$313,875
49816Chatham, MI 4981621.9 mi4$1,666,268$414,150$416,567
49854Manistique, MI 4985425.8 mi21$6,698,349$274,500$318,969
49825Eben Junction, MI 4982528.3 mi3$1,475,001$425,000$491,667
49873Perronville, MI 4987331.9 mi3$366,600$122,200$122,200
49822Deerton, MI 4982234.9 mi2$1,575,000$787,500$787,500
49874Powers, MI 4987435.6 mi1$65,000$65,000$65,000
49884Shingleton, MI 4988439.9 mi4$1,997,800$499,450$499,450
49834Foster City, MI 4983440.2 mi3$1,248,801$329,900$416,267

Frequently Asked Questions

How many homes are for sale in RAPID RIVER, MI 49878?

As of April 2026, there are 18 active listings in RAPID RIVER, MI (zip code 49878), compared to 11 the prior year.

What is the median home price in RAPID RIVER, MI 49878?

The median listing price in RAPID RIVER, MI 49878 is $422,250 as of April 2026, a 30.8% decrease from $609,900 the prior year.

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

Homes in RAPID RIVER, MI 49878 spend an average of 92 days on the market before going under contract, compared to 87 days the prior year.

Is it a seller's or buyer's market in RAPID RIVER, MI 49878?

Based on current inventory and days-on-market data as of April 2026, RAPID RIVER, MI 49878 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 87 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RAPID RIVER, MI 49878 save an estimated $8,445 compared to a typical 5% commission on the median listing price of $422,250. 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.