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DOLLAR BAY, MI 49922

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

Market Analysis

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

The DOLLAR BAY, MI real estate market (49922) currently shows 3 active listings, with 2 pending sales. Homes are averaging 13 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 13 days on market compared to 121 days last year.

The median listing price has fallen 65.3% year-over-year, from $499,900 to $173,650.

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Market Context

Market Context

Population: 888  ·  Density: 122.1/mi²  ·  Median household income: $47,417

Typical home value: $129,997  ·  Homeownership: 82.3%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
2
67% pending ratio
Median Price
$173,650
⇩ 65.3% vs $499,900 last year
Average Price
$173,650
⇩ 65.3% vs $499,900 last year
Days on Market
13
⇩ 89.3% vs 121 days last year

Price Per Square Foot

Median $/sqft
$133
⇩ 44.6% vs $240/sqft last year
Median Home Size
1,289 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 13 now vs 121 last year

Median & Average Pricing

Year over Year
  • Median: $173,650 (-65.3% YoY)
  • Average: $173,650 (-65.3% 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 49.6 miles — 77 listings ($32,547,092 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49930Hancock, MI 499302.9 mi11$3,232,966$249,750$293,906
49931Houghton, MI 499315.3 mi16$6,414,400$359,000$400,900
49963South Range, MI 499638.6 mi1$200,000$200,000$200,000
49905Atlantic Mine, MI 4990510.4 mi5$2,773,335$540,000$554,667
49917Copper City, MI 4991712.6 mi1$101,950$101,950$101,950
49805Allouez, MI 4980516.3 mi1$149,000$149,000$149,000
49958Pelkie, MI 4995822.9 mi4$656,320$170,000$164,080
49908Baraga, MI 4990825.9 mi3$351,375$111,225$117,125
49946Lanse, MI 4994629.0 mi5$1,438,335$385,000$287,667
49808Big Bay, MI 4980836.4 mi3$2,949,900$1,380,000$983,300
49861Michigamme, MI 4986141.0 mi5$6,868,625$1,062,500$1,373,725
49814Champion, MI 4981447.8 mi12$3,609,996$347,500$300,833
49953Ontonagon, MI 4995349.6 mi10$3,800,890$175,000$380,089

Frequently Asked Questions

How many homes are for sale in DOLLAR BAY, MI 49922?

As of September 2026, there are 3 active listings in DOLLAR BAY, MI (zip code 49922), compared to 2 the prior year.

What is the median home price in DOLLAR BAY, MI 49922?

The median listing price in DOLLAR BAY, MI 49922 is $173,650 as of September 2026, a 65.3% decrease from $499,900 the prior year.

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

Homes in DOLLAR BAY, MI 49922 spend an average of 13 days on the market before going under contract, compared to 121 days the prior year.

Is it a seller's or buyer's market in DOLLAR BAY, MI 49922?

Based on current inventory and days-on-market data as of September 2026, DOLLAR BAY, MI 49922 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 13 days on market compared to 121 days last year.

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

With SELL123.com's maximum 3% commission, sellers in DOLLAR BAY, MI 49922 save an estimated $3,473 compared to a typical 5% commission on the median listing price of $173,650. 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.