49862, MI Housing Market
The 49862 housing market is somewhat competitive. The median sale price of a home in 49862 was $171K over the last 3 months, down 19.0% since the same period last year. The median sale price per square foot in 49862 is $181, up 36.1% since last year.
49862 Housing Market Trends
Over the three months ending August 2026, 49862 home prices were down 19.0% compared to the same period last year, selling for a median price of $171K. On average, homes in 49862 sell after 55 days on the market compared to 76 days last year. There were 28 homes sold in August this year, up from 15 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 49862 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 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 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 12 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 50 days.
- Hot homescan sell for around list price and go pending in around 43 days.
View houses in 49862 that sold recently
Recently sold homes
- $129,000 Last Sold Price—beds—baths—sq ftE7163 Doe Rd, Wetmore, MI 49806List Price$129,000Sale to List0% over listDays on Market42 daysE7163 Doe Rd, Wetmore, MI 49806
- $40,500 Last Sold Price2 beds1 bath941 sq ft522 E Varnum St, Munising, MI 49862List Price$39,900Sale to List2% over listDays on Market21 days522 E Varnum St, Munising, MI 49862
- $129,000 Last Sold Price—beds—baths—sq ftE7163 Doe Lake Rd, Munising, MI 49806(906) 387-4530List Price$129,000Sale to List0% over listDays on Market42 daysE7163 Doe Lake Rd, Munising, MI 49806
- $135,000 Last Sold Price3 beds1 bath2,544 sq ft604 Cedar St, Munising, MI 49862(906) 387-4530List Price$155,000Sale to List13% under listDays on Market72 days604 Cedar St, Munising, MI 49862
- $292,000 Last Sold Price2 beds1 bath840 sq ftN3820 Hayward Rd, Munising, MI 49862(906) 387-4530List Price$279,000Sale to List5% over listDays on Market28 daysN3820 Hayward Rd, Munising, MI 49862
- $297,000 Last Sold Price3 beds2 baths2,619 sq ftE9845 Kinston Dr, Munising, MI 49862(906) 387-4530List Price$297,000Sale to List0% over listDays on Market29 daysE9845 Kinston Dr, Munising, MI 49862
- $100,000 Last Sold Price—beds—baths—sq ft8 Acres Nestor Rd, Munising, MI 49862(906) 225-5263List Price$100,000Sale to List0% over listDays on Market86 days8 Acres Nestor Rd, Munising, MI 49862
- $179,900 Last Sold Price1 bed1 bath572 sq ftN3443 N3443 16 Mile Lake Rd, Munising, MI 49862(906) 273-1183List Price$199,000Sale to List10% under listDays on Market128 daysN3443 N3443 16 Mile Lake Rd, Munising, MI 49862
See all recently sold homes in 49862.
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Schools in 49862
- Elementary
- Middle
- High
GreatSchools Rating
6/10 William G. Mather Elementary School Public • PreK-5 | 258 Students | N/A |
Climate's impact on 49862 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 49862.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minimal
Wind Factor

Heat Factor - Minimal
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