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WAKEFIELD, MI 49968

Real Estate Market Report  ·  Gogebic County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇩ 10% vs 10 last year
Pending
1
11% pending ratio
Median Price
$184,500
⇩ 20.2% vs $231,175 last year
Average Price
$242,606
⇧ 10.2% vs $220,121 last year
Days on Market
110
⇩ 33.7% vs 166 days last year

Market Context

Population: 2,124  ·  Density: 3.1/mi²  ·  Median household income: $44,083

Typical home value: $66,602  ·  Homeownership: 85.4%

Market Analysis

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

The WAKEFIELD, MI real estate market (49968) currently shows 9 active listings, with 1 pending sales. Homes are averaging 110 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 selling faster, averaging 110 days on market compared to 166 days last year.

The median listing price has fallen 20.2% year-over-year, from $231,175 to $184,500.

Whether you are buying or selling in WAKEFIELD, 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: 9 this year vs 10 last year
  • Days on market: 110 now vs 166 last year

Median & Average Pricing

Year over Year
  • Median: $184,500 (-20.2% YoY)
  • Average: $242,606 (+10.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 41.0 miles — 79 listings ($34,286,798 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49968Wakefield, MI 499680.0 mi9$2,183,454$184,500$242,606
49911Bessemer, MI 499118.1 mi14$2,650,872$169,950$189,348
49947Marenisco, MI 4994714.2 mi8$3,035,904$250,000$379,488
49971White Pine, MI 4997118.8 mi4$1,067,800$271,450$266,950
54557Presque Isle, WI 5455720.3 mi11$8,219,937$647,500$747,267
54547Mercer, WI 5454723.9 mi10$4,268,370$392,500$426,837
54536Iron Belt, WI 5453624.8 mi1$289,900$289,900$289,900
54559Saxon, WI 5455928.0 mi3$408,801$149,900$136,267
54512Boulder Junction, WI 5451229.9 mi4$3,698,000$924,500$924,500
49912Bruce Crossing, MI 4991232.5 mi1$119,000$119,000$119,000
54561Star Lake, WI 5456135.9 mi1$325,000$325,000$325,000
54538Lac Du Flambeau, WI 5453836.6 mi11$7,064,860$483,000$642,260
54846High Bridge, WI 5484641.0 mi2$954,900$477,450$477,450

Frequently Asked Questions

How many homes are for sale in WAKEFIELD, MI 49968?

As of January 2026, there are 9 active listings in WAKEFIELD, MI (zip code 49968), compared to 10 the prior year.

What is the median home price in WAKEFIELD, MI 49968?

The median listing price in WAKEFIELD, MI 49968 is $184,500 as of January 2026, a 20.2% decrease from $231,175 the prior year.

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

Homes in WAKEFIELD, MI 49968 spend an average of 110 days on the market before going under contract, compared to 166 days the prior year.

Is it a seller's or buyer's market in WAKEFIELD, MI 49968?

Based on current inventory and days-on-market data as of January 2026, WAKEFIELD, MI 49968 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 110 days on market compared to 166 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAKEFIELD, MI 49968 save an estimated $3,690 compared to a typical 5% commission on the median listing price of $184,500. 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.