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HOUGHTON, MI 49931

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

Market Analysis

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

The HOUGHTON, MI real estate market (49931) currently shows 41 active listings, with 7 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54 days on market compared to 69 days last year.

The median listing price has fallen 26.9% year-over-year, from $438,475 to $320,325.

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Market Context

Market Context

Population: 10,282  ·  Density: 150.6/mi²  ·  Median household income: $38,750

Typical home value: $215,364  ·  Homeownership: 41.7%

Market Overview

Active Listings
41
⇧ 95.2% vs 21 last year
Pending
7
17% pending ratio
Median Price
$320,325
⇩ 26.9% vs $438,475 last year
Average Price
$437,420
⇩ 0.2% vs $438,122 last year
Days on Market
54
⇩ 21.7% vs 69 days last year

Price Per Square Foot

Median $/sqft
$174
⇩ 7.9% vs $189/sqft last year
Median Home Size
1,792 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 21 last year
  • Days on market: 54 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $320,325 (-26.9% YoY)
  • Average: $437,420 (-0.2% 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 51.6 miles — 69 listings ($26,534,901 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49931Houghton, MI 499310.0 mi16$6,414,400$359,000$400,900
49905Atlantic Mine, MI 499055.5 mi5$2,773,335$540,000$554,667
49934Hubbell, MI 499348.1 mi1$199,900$199,900$199,900
49916Chassell, MI 4991610.9 mi4$1,634,800$424,700$408,700
49901Ahmeek, MI 4990114.8 mi1$52,900$52,900$52,900
49965Toivola, MI 4996517.7 mi2$864,000$432,000$432,000
49958Pelkie, MI 4995822.4 mi4$656,320$170,000$164,080
49950Mohawk, MI 4995028.2 mi1$105,000$105,000$105,000
49946Lanse, MI 4994631.5 mi5$1,438,335$385,000$287,667
49808Big Bay, MI 4980841.2 mi3$2,949,900$1,380,000$983,300
49919Covington, MI 4991944.1 mi5$2,035,125$367,250$407,025
49953Ontonagon, MI 4995345.4 mi10$3,800,890$175,000$380,089
49814Champion, MI 4981451.6 mi12$3,609,996$347,500$300,833

Frequently Asked Questions

How many homes are for sale in HOUGHTON, MI 49931?

As of September 2026, there are 41 active listings in HOUGHTON, MI (zip code 49931), compared to 21 the prior year.

What is the median home price in HOUGHTON, MI 49931?

The median listing price in HOUGHTON, MI 49931 is $320,325 as of September 2026, a 26.9% decrease from $438,475 the prior year.

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

Homes in HOUGHTON, MI 49931 spend an average of 54 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in HOUGHTON, MI 49931?

Based on current inventory and days-on-market data as of September 2026, HOUGHTON, MI 49931 is currently a Balanced Market. Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice. Homes are selling faster, averaging 54 days on market compared to 69 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HOUGHTON, MI 49931 save an estimated $6,407 compared to a typical 5% commission on the median listing price of $320,325. 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.