49854, MI Housing Market
The 49854 housing market is very competitive. The median sale price of a home in 49854 was $209K over the last 3 months, up 54.6% since the same period last year. The median sale price per square foot in 49854 is $102, down 10.5% since last year.
49854 Housing Market Trends
Over the three months ending August 2026, 49854 home prices were up 54.6% compared to the same period last year, selling for a median price of $209K. On average, homes in 49854 sell after 45 days on the market compared to 31 days last year. There were 41 homes sold in August this year, down from 46 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 49854 housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% below list price and go pending in around 43 days.
- Hot homescan sell for about 1% above list price and go pending in around 31 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 55 days.
- Hot homescan sell for about 1% above list price and go pending in around 39 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 85 days.
- Hot homescan sell for around list price and go pending in around 39 days.
View houses in 49854 that sold recently
Recently sold homes
- $53,000 Last Sold Price—beds—baths—sq ft5494 W US Highway 2, Manistique, MI 49854(888) 227-1009List Price$54,999Sale to List4% under listDays on Market64 days5494 W US Highway 2, Manistique, MI 49854
- $52,500 Last Sold Price—beds—baths—sq ftTBD Brown Road Rd, Hiawatha Township, MI 49854(906) 341-2131List Price$50,000Sale to List5% over listDays on Market26 daysTBD Brown Road Rd, Hiawatha Township, MI 49854
- $478,500 Last Sold Price3 beds2 baths1,613 sq ft478S Harbor Lights Trl, Manistique, MI 49854(906) 233-7455List Price$450,000Sale to List6% over listDays on Market40 days478S Harbor Lights Trl, Manistique, MI 49854
- $478,500 Last Sold Price3 beds2 baths1,613 sq ft478S Harbor Trl, Manistique, MI 49854List Price$450,000Sale to List6% over listDays on Market40 days478S Harbor Trl, Manistique, MI 49854
- $61,000 Last Sold Price1 bed—baths176 sq ft6590 County Road 445 Rd, Hiawatha Township, MI 49854(906) 341-2131List Price$55,000Sale to List11% over listDays on Market24 days6590 County Road 445 Rd, Hiawatha Township, MI 49854
- $255,000 Last Sold Price—beds—baths—sq ftLots A, B, & C US2 Hwy, Manistique, MI 49854(906) 341-2131List Price$275,000Sale to List7% under listDays on Market106 daysLots A, B, & C US2 Hwy, Manistique, MI 49854
- $285,000 Last Sold Price3 beds2 baths2,808 sq ft8570 W 6th St, Manistique, MI 49854(906) 341-2131List Price$295,000Sale to List3% under listDays on Market42 days8570 W 6th St, Manistique, MI 49854
- $147,500 Last Sold Price4 beds2 baths2,118 sq ft135 N 1st St, Manistique, MI 49854List Price$160,000Sale to List8% under listDays on Market101 days135 N 1st St, Manistique, MI 49854
See all recently sold homes in 49854.
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Schools in 49854
- Elementary
- Middle
- High
GreatSchools Rating
5/10 Big Bay De Noc School Public • PreK-12 | 198 Students | 6 reviews |
4/10 Emerald Elementary School Public • PreK-5 | 295 Students | 3 reviews |
Climate's impact on 49854 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 49854.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minimal
Wind Factor

Heat Factor - Minimal
Heat Factor

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