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WAKEFIELD, MI 49968

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

Market Analysis

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

The WAKEFIELD, MI real estate market (49968) currently shows 9 active listings, with 5 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 90 days on market compared to 60 days last year.

The median listing price has risen 27.5% year-over-year, from $170,500 to $217,400.

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Market Context

Market Context

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

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

Market Overview

Active Listings
9
⇩ 35.7% vs 14 last year
Pending
5
56% pending ratio
Median Price
$217,400
⇧ 27.5% vs $170,500 last year
Average Price
$173,150
⇩ 21% vs $219,176 last year
Days on Market
90
⇧ 50% vs 60 days last year

Price Per Square Foot

Median $/sqft
$114
⇩ 18.6% vs $140/sqft last year
Median Home Size
1,508 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 14 last year
  • Days on market: 90 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $217,400 (+27.5% YoY)
  • Average: $173,150 (-21% 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 41.0 miles — 84 listings ($35,661,108 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49968Wakefield, MI 499680.0 mi10$1,907,910$184,500$190,791
49911Bessemer, MI 499118.1 mi13$2,306,694$156,950$177,438
49947Marenisco, MI 4994714.2 mi10$4,166,390$269,500$416,639
49971White Pine, MI 4997118.8 mi4$1,067,800$271,450$266,950
54557Presque Isle, WI 5455720.3 mi10$6,411,770$630,375$641,177
54547Mercer, WI 5454723.9 mi13$5,854,186$442,975$450,322
54536Iron Belt, WI 5453624.8 mi1$289,900$289,900$289,900
54559Saxon, WI 5455928.0 mi4$573,700$157,400$143,425
54512Boulder Junction, WI 5451229.9 mi3$2,773,500$924,500$924,500
49912Bruce Crossing, MI 4991232.5 mi1$149,000$149,000$149,000
54561Star Lake, WI 5456135.9 mi1$325,000$325,000$325,000
54538Lac Du Flambeau, WI 5453836.6 mi13$8,777,808$548,375$675,216
54846High Bridge, WI 5484641.0 mi1$1,057,450$1,057,450$1,057,450

Frequently Asked Questions

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

As of September 2026, there are 9 active listings in WAKEFIELD, MI (zip code 49968), compared to 14 the prior year.

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

The median listing price in WAKEFIELD, MI 49968 is $217,400 as of September 2026, a 27.5% increase from $170,500 the prior year.

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

Homes in WAKEFIELD, MI 49968 spend an average of 90 days on the market before going under contract, compared to 60 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 September 2026, WAKEFIELD, MI 49968 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 90 days on market compared to 60 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 $4,348 compared to a typical 5% commission on the median listing price of $217,400. 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.