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MARENISCO, MI 49947

Real Estate Market Report  ·  Gogebic County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The MARENISCO, MI real estate market (49947) currently shows 13 active listings, with 1 pending sales. Homes are averaging 130 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 130 days on market compared to 47 days last year.

The median listing price has fallen 10% year-over-year, from $326,450 to $293,650.

Whether you are buying or selling in MARENISCO, 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: 823  ·  Density: 0.8/mi²  ·  Median household income: $45,667

Typical home value: $0  ·  Homeownership: 96.9%

Market Overview

Active Listings
13
⇩ 7.1% vs 14 last year
Pending
1
8% pending ratio
Median Price
$293,650
⇩ 10% vs $326,450 last year
Average Price
$368,900
⇩ 18.1% vs $450,176 last year
Days on Market
130
⇧ 176.6% vs 47 days last year

Price Per Square Foot

Median $/sqft
$335
⇧ 5.7% vs $317/sqft last year
Median Home Size
1,124 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 14 last year
  • Days on market: 130 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $293,650 (-10% YoY)
  • Average: $368,900 (-18.1% 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 35.8 miles — 108 listings ($76,646,544 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49947Marenisco, MI 499470.0 mi10$4,166,390$269,500$416,639
49925Ewen, MI 4992513.9 mi2$158,000$79,000$79,000
54557Presque Isle, WI 5455715.8 mi10$6,411,770$630,375$641,177
49971White Pine, MI 4997119.7 mi4$1,067,800$271,450$266,950
54540Land O'Lakes, WI 5454021.6 mi4$412,332$64,800$103,083
49969Watersmeet, MI 4996922.4 mi7$30,728,600$3,900,000$4,389,800
54545Manitowish Waters, WI 5454523.5 mi3$5,149,800$349,900$1,716,600
49938Ironwood, MI 4993825.8 mi27$7,706,880$216,150$285,440
54547Mercer, WI 5454728.7 mi13$5,854,186$442,975$450,322
54534Hurley, WI 5453430.6 mi13$5,824,078$214,950$448,006
54550Montreal, WI 5455031.8 mi1$99,000$99,000$99,000
54538Lac Du Flambeau, WI 5453834.7 mi13$8,777,808$548,375$675,216
54536Iron Belt, WI 5453635.8 mi1$289,900$289,900$289,900

Frequently Asked Questions

How many homes are for sale in MARENISCO, MI 49947?

As of July 2026, there are 13 active listings in MARENISCO, MI (zip code 49947), compared to 14 the prior year.

What is the median home price in MARENISCO, MI 49947?

The median listing price in MARENISCO, MI 49947 is $293,650 as of July 2026, a 10% decrease from $326,450 the prior year.

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

Homes in MARENISCO, MI 49947 spend an average of 130 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in MARENISCO, MI 49947?

Based on current inventory and days-on-market data as of July 2026, MARENISCO, MI 49947 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 130 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MARENISCO, MI 49947 save an estimated $5,873 compared to a typical 5% commission on the median listing price of $293,650. 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.