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WATERSMEET, MI 49969

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WATERSMEET, MI real estate market (49969) currently shows 7 active listings, with 2 pending sales. Homes are averaging 125 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 125 days on market compared to 196 days last year.

The median listing price has risen 249.8% year-over-year, from $999,000 to $3,495,000.

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
7
⇩ 30% vs 10 last year
Pending
2
29% pending ratio
Median Price
$3,495,000
⇧ 249.8% vs $999,000 last year
Average Price
$3,946,308
⇧ 333.8% vs $909,671 last year
Days on Market
125
⇩ 36.2% vs 196 days last year

Price Per Square Foot

Median $/sqft
$682
⇧ 107.3% vs $329/sqft last year
Median Home Size
9,245 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 10 last year
  • Days on market: 125 now vs 196 last year

Median & Average Pricing

Year over Year
  • Median: $3,495,000 (+249.8% YoY)
  • Average: $3,946,308 (+333.8% 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 March 2026, there are 7 active listings in WATERSMEET, MI (zip code 49969), compared to 10 the prior year.

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

The median listing price in WATERSMEET, MI 49969 is $3,495,000 as of March 2026, a 249.8% increase from $999,000 the prior year.

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

Homes in WATERSMEET, MI 49969 spend an average of 125 days on the market before going under contract, compared to 196 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 March 2026, WATERSMEET, MI 49969 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 125 days on market compared to 196 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 $69,900 compared to a typical 5% commission on the median listing price of $3,495,000. 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.