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SKANEE, MI 49962

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

Market Analysis

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

The SKANEE, MI real estate market (49962) currently shows 3 active listings, with 1 pending sales. Homes are averaging 144 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 144 days on market compared to 260 days last year.

The median listing price has risen 102.1% year-over-year, from $234,950 to $474,950.

Whether you are buying or selling in SKANEE, 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: 219  ·  Density: 0.8/mi²  ·  Median household income: $51,563

Typical home value: $176,888  ·  Homeownership: 93.9%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
1
33% pending ratio
Median Price
$474,950
⇧ 102.1% vs $234,950 last year
Average Price
$474,950
⇧ 102.1% vs $234,950 last year
Days on Market
144
⇩ 44.6% vs 260 days last year

Price Per Square Foot

Median $/sqft
$159
⇩ 12.2% vs $181/sqft last year
Median Home Size
2,945 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: 144 now vs 260 last year

Median & Average Pricing

Year over Year
  • Median: $474,950 (+102.1% YoY)
  • Average: $474,950 (+102.1% 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 38.2 miles — 119 listings ($58,612,339 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49962Skanee, MI 499620.0 mi3$1,416,000$472,000$472,000
49808Big Bay, MI 4980812.5 mi3$2,949,900$1,380,000$983,300
49908Baraga, MI 4990820.9 mi3$351,375$111,225$117,125
49916Chassell, MI 4991624.0 mi4$1,634,800$424,700$408,700
49958Pelkie, MI 4995825.3 mi4$656,320$170,000$164,080
49934Hubbell, MI 4993427.6 mi1$199,900$199,900$199,900
49866Negaunee, MI 4986629.5 mi16$5,526,176$409,900$345,386
49931Houghton, MI 4993130.9 mi16$6,414,400$359,000$400,900
49849Ishpeming, MI 4984932.8 mi24$9,662,136$328,000$402,589
49917Copper City, MI 4991733.4 mi1$101,950$101,950$101,950
49901Ahmeek, MI 4990134.7 mi1$52,900$52,900$52,900
49855Marquette, MI 4985536.9 mi42$29,497,482$593,000$702,321
49805Allouez, MI 4980538.2 mi1$149,000$149,000$149,000

Frequently Asked Questions

How many homes are for sale in SKANEE, MI 49962?

As of March 2026, there are 3 active listings in SKANEE, MI (zip code 49962), compared to 2 the prior year.

What is the median home price in SKANEE, MI 49962?

The median listing price in SKANEE, MI 49962 is $474,950 as of March 2026, a 102.1% increase from $234,950 the prior year.

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

Homes in SKANEE, MI 49962 spend an average of 144 days on the market before going under contract, compared to 260 days the prior year.

Is it a seller's or buyer's market in SKANEE, MI 49962?

Based on current inventory and days-on-market data as of March 2026, SKANEE, MI 49962 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 144 days on market compared to 260 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SKANEE, MI 49962 save an estimated $9,499 compared to a typical 5% commission on the median listing price of $474,950. 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.