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MARENISCO, MI 49947

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

Market Overview

Active Listings
8
vs 8 last year
Pending
1
13% pending ratio
Median Price
$250,000
⇩ 30.2% vs $358,000 last year
Average Price
$379,488
⇩ 6.8% vs $407,129 last year
Days on Market
120
⇩ 37.8% vs 193 days last year

Market Context

Population: 823  ·  Density: 0.8/mi²  ·  Median household income: $45,667

Typical home value: $0  ·  Homeownership: 96.9%

Market Analysis

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

The MARENISCO, MI real estate market (49947) currently shows 8 active listings, with 1 pending sales. Homes are averaging 120 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 120 days on market compared to 193 days last year.

The median listing price has fallen 30.2% year-over-year, from $358,000 to $250,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 120 now vs 193 last year

Median & Average Pricing

Year over Year
  • Median: $250,000 (-30.2% YoY)
  • Average: $379,488 (-6.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 35.8 miles — 112 listings ($76,615,382 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49947Marenisco, MI 499470.0 mi8$3,035,904$250,000$379,488
49925Ewen, MI 4992513.9 mi2$208,000$104,000$104,000
54557Presque Isle, WI 5455715.8 mi11$8,219,937$647,500$747,267
49971White Pine, MI 4997119.7 mi4$1,067,800$271,450$266,950
54540Land O'Lakes, WI 5454021.6 mi4$1,139,200$64,900$284,800
49969Watersmeet, MI 4996922.4 mi8$29,632,000$3,900,000$3,704,000
54545Manitowish Waters, WI 5454523.5 mi4$6,866,400$349,900$1,716,600
49938Ironwood, MI 4993825.8 mi36$9,696,384$199,900$269,344
54547Mercer, WI 5454728.7 mi10$4,268,370$392,500$426,837
54534Hurley, WI 5453430.6 mi11$4,928,627$279,900$448,057
54550Montreal, WI 5455031.8 mi2$198,000$99,000$99,000
54538Lac Du Flambeau, WI 5453834.7 mi11$7,064,860$483,000$642,260
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 January 2026, there are 8 active listings in MARENISCO, MI (zip code 49947), compared to 8 the prior year.

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

The median listing price in MARENISCO, MI 49947 is $250,000 as of January 2026, a 30.2% decrease from $358,000 the prior year.

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

Homes in MARENISCO, MI 49947 spend an average of 120 days on the market before going under contract, compared to 193 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 January 2026, MARENISCO, MI 49947 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 120 days on market compared to 193 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 $5,000 compared to a typical 5% commission on the median listing price of $250,000. 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.