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WETMORE, MI 49895

Real Estate Market Report  ·  Alger County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WETMORE, MI real estate market (49895) currently shows 9 active listings, with 1 pending sales. Homes are averaging 99 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 99 days on market compared to 124 days last year.

The median listing price has fallen 36% year-over-year, from $499,950 to $320,000.

Whether you are buying or selling in WETMORE, 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: 873  ·  Density: 1.5/mi²  ·  Median household income: $48,125

Typical home value: $152,755  ·  Homeownership: 84.1%

Market Overview

Active Listings
9
⇧ 12.5% vs 8 last year
Pending
1
11% pending ratio
Median Price
$320,000
⇩ 36% vs $499,950 last year
Average Price
$384,933
⇩ 43.6% vs $681,979 last year
Days on Market
99
⇩ 20.2% vs 124 days last year

Price Per Square Foot

Median $/sqft
$285
⇧ 4.4% vs $273/sqft last year
Median Home Size
1,205 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 8 last year
  • Days on market: 99 now vs 124 last year

Median & Average Pricing

Year over Year
  • Median: $320,000 (-36% YoY)
  • Average: $384,933 (-43.6% 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 44.9 miles — 103 listings ($40,625,007 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49895Wetmore, MI 498950.0 mi11$3,660,338$297,125$332,758
49862Munising, MI 4986214.8 mi19$8,417,589$280,500$443,031
49878Rapid River, MI 4987817.4 mi13$6,016,166$398,000$462,782
49825Eben Junction, MI 4982520.2 mi3$1,475,001$425,000$491,667
49864Nahma, MI 4986422.4 mi2$389,000$194,500$194,500
49884Shingleton, MI 4988422.7 mi4$1,997,800$499,450$499,450
49880Rock, MI 4988027.0 mi4$1,255,500$327,225$313,875
49837Gladstone, MI 4983729.2 mi23$7,427,459$254,250$322,933
49894Wells, MI 4989433.2 mi3$409,050$153,050$136,350
49883Seney, MI 4988335.2 mi1$174,000$174,000$174,000
49839Grand Marais, MI 4983939.7 mi13$7,233,902$382,000$556,454
49807Bark River, MI 4980743.5 mi4$1,371,352$354,500$342,838
49871Palmer, MI 4987144.9 mi3$797,850$265,950$265,950

Frequently Asked Questions

How many homes are for sale in WETMORE, MI 49895?

As of March 2026, there are 9 active listings in WETMORE, MI (zip code 49895), compared to 8 the prior year.

What is the median home price in WETMORE, MI 49895?

The median listing price in WETMORE, MI 49895 is $320,000 as of March 2026, a 36% decrease from $499,950 the prior year.

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

Homes in WETMORE, MI 49895 spend an average of 99 days on the market before going under contract, compared to 124 days the prior year.

Is it a seller's or buyer's market in WETMORE, MI 49895?

Based on current inventory and days-on-market data as of March 2026, WETMORE, MI 49895 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 99 days on market compared to 124 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WETMORE, MI 49895 save an estimated $6,400 compared to a typical 5% commission on the median listing price of $320,000. 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.