Active Listings
4
⇧ 33.3% vs 3 last year
Population: 576 · Density: 184.8/mi² · Median household income: $50,417
Typical home value: $49,405 · Homeownership: 79.1%
Data as of January 2026. Source: Realtor.com.
The CASPIAN, MI real estate market (49915) currently shows 4 active listings, with 1 pending sales. Homes are averaging 114 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 taking longer to sell, averaging 114 days on market compared to 49 days last year.
The median listing price has fallen 23.1% year-over-year, from $149,350 to $114,900.
Whether you are buying or selling in CASPIAN, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49915 | Caspian, MI 49915 | 0.0 mi | 4 | $418,720 | $114,900 | $104,680 |
| 49935 | Iron River, MI 49935 | 10.7 mi | 32 | $10,334,816 | $175,000 | $322,963 |
| 49902 | Alpha, MI 49902 | 12.0 mi | 4 | $701,068 | $149,900 | $175,267 |
| 49903 | Amasa, MI 49903 | 19.8 mi | 9 | $1,539,774 | $139,900 | $171,086 |
| 54554 | Phelps, WI 54554 | 20.8 mi | 14 | $15,303,260 | $774,000 | $1,093,090 |
| 54562 | Three Lakes, WI 54562 | 28.0 mi | 9 | $11,414,997 | $1,474,500 | $1,268,333 |
| 49969 | Watersmeet, MI 49969 | 30.7 mi | 8 | $29,632,000 | $3,900,000 | $3,704,000 |
| 49801 | Iron Mountain, MI 49801 | 31.0 mi | 30 | $8,864,100 | $186,200 | $295,470 |
| 49919 | Covington, MI 49919 | 32.1 mi | 6 | $2,623,500 | $386,500 | $437,250 |
| 49879 | Republic, MI 49879 | 32.3 mi | 7 | $2,152,150 | $252,450 | $307,450 |
| 49815 | Channing, MI 49815 | 33.0 mi | 5 | $1,111,625 | $204,950 | $222,325 |
| 54125 | Goodman, WI 54125 | 34.9 mi | 1 | $165,000 | $165,000 | $165,000 |
| 49876 | Quinnesec, MI 49876 | 36.2 mi | 2 | $298,000 | $149,000 | $149,000 |
As of January 2026, there are 4 active listings in CASPIAN, MI (zip code 49915), compared to 3 the prior year.
The median listing price in CASPIAN, MI 49915 is $114,900 as of January 2026, a 23.1% decrease from $149,350 the prior year.
Homes in CASPIAN, MI 49915 spend an average of 114 days on the market before going under contract, compared to 49 days the prior year.
Based on current inventory and days-on-market data as of January 2026, CASPIAN, MI 49915 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 114 days on market compared to 49 days last year.
With SELL123.com's maximum 3% commission, sellers in CASPIAN, MI 49915 save an estimated $2,298 compared to a typical 5% commission on the median listing price of $114,900. 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.