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CHASSELL, MI 49916

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

Market Analysis

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

The CHASSELL, MI real estate market (49916) currently shows 5 active listings, with 1 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 57 days on market compared to 164 days last year.

The median listing price has risen 4.7% year-over-year, from $524,450 to $549,000.

Whether you are buying or selling in CHASSELL, 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: 2,980  ·  Density: 10.5/mi²  ·  Median household income: $76,424

Typical home value: $200,741  ·  Homeownership: 81.3%

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
1
20% pending ratio
Median Price
$549,000
⇧ 4.7% vs $524,450 last year
Average Price
$436,760
⇩ 16.7% vs $524,450 last year
Days on Market
57
⇩ 65.2% vs 164 days last year

Price Per Square Foot

Median $/sqft
$175
⇧ 2.9% vs $170/sqft last year
Median Home Size
1,724 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 3 last year
  • Days on market: 57 now vs 164 last year

Median & Average Pricing

Year over Year
  • Median: $549,000 (+4.7% YoY)
  • Average: $436,760 (-16.7% 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 44.2 miles — 66 listings ($28,220,035 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49916Chassell, MI 499160.0 mi4$1,634,800$424,700$408,700
49905Atlantic Mine, MI 4990510.5 mi5$2,773,335$540,000$554,667
49958Pelkie, MI 4995811.9 mi4$656,320$170,000$164,080
49965Toivola, MI 4996512.6 mi2$864,000$432,000$432,000
49908Baraga, MI 4990815.7 mi3$351,375$111,225$117,125
49913Calumet, MI 4991319.1 mi24$6,504,840$208,000$271,035
49917Copper City, MI 4991723.7 mi1$101,950$101,950$101,950
49962Skanee, MI 4996224.1 mi3$1,416,000$472,000$472,000
49805Allouez, MI 4980527.3 mi1$149,000$149,000$149,000
49861Michigamme, MI 4986134.6 mi5$6,868,625$1,062,500$1,373,725
49808Big Bay, MI 4980835.9 mi3$2,949,900$1,380,000$983,300
49953Ontonagon, MI 4995341.3 mi10$3,800,890$175,000$380,089
49912Bruce Crossing, MI 4991244.2 mi1$149,000$149,000$149,000

Frequently Asked Questions

How many homes are for sale in CHASSELL, MI 49916?

As of March 2026, there are 5 active listings in CHASSELL, MI (zip code 49916), compared to 3 the prior year.

What is the median home price in CHASSELL, MI 49916?

The median listing price in CHASSELL, MI 49916 is $549,000 as of March 2026, a 4.7% increase from $524,450 the prior year.

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

Homes in CHASSELL, MI 49916 spend an average of 57 days on the market before going under contract, compared to 164 days the prior year.

Is it a seller's or buyer's market in CHASSELL, MI 49916?

Based on current inventory and days-on-market data as of March 2026, CHASSELL, MI 49916 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 57 days on market compared to 164 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CHASSELL, MI 49916 save an estimated $10,980 compared to a typical 5% commission on the median listing price of $549,000. 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.