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WATERSMEET, MI 49969

Real Estate Market Report  ·  Gogebic County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The WATERSMEET, MI real estate market (49969) currently shows 9 active listings, with 1 pending sales. Homes are averaging 149 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 taking longer to sell, averaging 149 days on market compared to 114 days last year.

The median listing price has risen 337.4% year-over-year, from $735,950 to $3,218,750.

Whether you are buying or selling in WATERSMEET, 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: 1,039  ·  Density: 1.6/mi²  ·  Median household income: $55,694

Typical home value: $261,850  ·  Homeownership: 82.1%

Market Overview

Active Listings
9
⇧ 12.5% vs 8 last year
Pending
1
11% pending ratio
Median Price
$3,218,750
⇧ 337.4% vs $735,950 last year
Average Price
$3,269,563
⇧ 228.2% vs $996,089 last year
Days on Market
149
⇧ 30.7% vs 114 days last year

Price Per Square Foot

Median $/sqft
$576
⇧ 95.3% vs $295/sqft last year
Median Home Size
6,575 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 8 last year
  • Days on market: 149 now vs 114 last year

Median & Average Pricing

Year over Year
  • Median: $3,218,750 (+337.4% YoY)
  • Average: $3,269,563 (+228.2% 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
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 36.4 miles — 100 listings ($97,104,163 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49969Watersmeet, MI 499690.0 mi7$30,728,600$3,900,000$4,389,800
54519Conover, WI 5451913.6 mi3$2,202,000$734,000$734,000
54561Star Lake, WI 5456117.0 mi1$325,000$325,000$325,000
49967Trout Creek, MI 4996721.1 mi2$338,000$169,000$169,000
49925Ewen, MI 4992522.4 mi2$158,000$79,000$79,000
54521Eagle River, WI 5452122.9 mi45$39,965,175$429,250$888,115
54557Presque Isle, WI 5455725.9 mi10$6,411,770$630,375$641,177
49910Bergland, MI 4991030.1 mi2$688,900$344,450$344,450
54562Three Lakes, WI 5456230.8 mi6$7,746,300$1,675,000$1,291,050
54545Manitowish Waters, WI 5454531.5 mi3$5,149,800$349,900$1,716,600
49927Gaastra, MI 4992733.8 mi1$69,900$69,900$69,900
49903Amasa, MI 4990335.3 mi8$1,412,808$139,900$176,601
49968Wakefield, MI 4996836.4 mi10$1,907,910$184,500$190,791

Frequently Asked Questions

How many homes are for sale in WATERSMEET, MI 49969?

As of April 2026, there are 9 active listings in WATERSMEET, MI (zip code 49969), compared to 8 the prior year.

What is the median home price in WATERSMEET, MI 49969?

The median listing price in WATERSMEET, MI 49969 is $3,218,750 as of April 2026, a 337.4% increase from $735,950 the prior year.

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

Homes in WATERSMEET, MI 49969 spend an average of 149 days on the market before going under contract, compared to 114 days the prior year.

Is it a seller's or buyer's market in WATERSMEET, MI 49969?

Based on current inventory and days-on-market data as of April 2026, WATERSMEET, MI 49969 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 149 days on market compared to 114 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WATERSMEET, MI 49969 save an estimated $64,375 compared to a typical 5% commission on the median listing price of $3,218,750. 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.