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SKANEE, MI 49962

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

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$472,000
⇧ 100.9% vs $234,950 last year
Average Price
$472,000
⇧ 100.9% vs $234,950 last year
Days on Market
179
⇩ 10.9% vs 201 days last year

Market Context

Population: 219  ·  Density: 0.8/mi²  ·  Median household income: $51,563

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

Market Analysis

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

The SKANEE, MI real estate market (49962) currently shows 3 active listings. Homes are averaging 179 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 179 days on market compared to 201 days last year.

The median listing price has risen 100.9% year-over-year, from $234,950 to $472,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 179 now vs 201 last year

Median & Average Pricing

Year over Year
  • Median: $472,000 (+100.9% YoY)
  • Average: $472,000 (+100.9% 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 37.4 miles — 77 listings ($24,046,769 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$3,149,901$1,480,000$1,049,967
49908Baraga, MI 4990820.9 mi2$194,900$97,450$97,450
49916Chassell, MI 4991624.0 mi6$2,811,360$549,000$468,560
49958Pelkie, MI 4995825.3 mi5$833,900$175,000$166,780
49934Hubbell, MI 4993427.6 mi1$199,900$199,900$199,900
49970Watton, MI 4997029.4 mi1$0$0$0
49930Hancock, MI 4993029.6 mi11$3,070,254$230,000$279,114
49913Calumet, MI 4991332.2 mi22$5,061,628$209,500$230,074
49879Republic, MI 4987933.1 mi7$2,152,150$252,450$307,450
49905Atlantic Mine, MI 4990533.4 mi6$3,328,002$540,000$554,667
49965Toivola, MI 4996535.0 mi1$289,000$289,000$289,000
49903Amasa, MI 4990337.4 mi9$1,539,774$139,900$171,086

Frequently Asked Questions

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

As of January 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 $472,000 as of January 2026, a 100.9% 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 179 days on the market before going under contract, compared to 201 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 January 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 179 days on market compared to 201 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 $9,440 compared to a typical 5% commission on the median listing price of $472,000. 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.