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ZIP 49861 in Michigamme, MI: housing market trends

The median home sale price in ZIP 49861 in Michigamme, MI was $409,880 for the three-month period ending September 2026. Sale prices were 17.2% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$409,880
three-month period ending September 2026
Median sale price per sq ft
$274.18
three-month period ending September 2026
Active listings
23
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 23 active listings for the three-month period ending September 2026. Active listings were 53.3% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 52 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 49861 in Michigamme, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$409,880$274.185 · small sample
Single-familySeptember 2026$409,897$274.185 · small sample
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 49861 in Michigamme, MI
MarketMedian sale priceReporting period / source
Michigamme, MI$184,9123 months ending September 2026 · Redfin
Champion, MIUnavailableMonth ending unavailable date · Zillow
Republic, MI$161,6733 months ending September 2026 · Redfin
L'' Anse, MI$234,8883 months ending September 2026 · Redfin
Baraga, MI$174,9173 months ending September 2026 · Redfin
Skanee, MI$55,0003 months ending March 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 49861 in Michigamme, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$409,880$274.1823
August 2026$263,450$275.2224
July 2026$189,900$274.2521
June 2026$277,000$342.8523
May 2026$331,000$266.9813
April 2026$220,000$289.869
March 2026$220,000$289.869
February 2026$220,000$289.866
January 2026$299,000$238.259
December 2025$299,000$238.2511
November 2025$299,000$238.2513
October 2025$447,500$303.1813
September 2025$495,000$242.6515
August 2025$318,000$306.1216
July 2025$200,000$219.7819
June 2025$170,000$219.1220
May 2025$165,000$219.1218
April 2025$170,000$130.8710
March 2025$140,000$127.8511
February 2025$131,000$93.7114
January 2025$131,000$93.7116
December 2024$214,000$230.6119
November 2024$161,228$182.4921
October 2024$230,000$181.5323

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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