Country Homes for Sale in Michigamme, MI

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Michigamme, MI Housing Market Overview

Michigamme's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a None-month supply of homes and an average of 115 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

115

Inventory

4

Aug 2021Jan 2024Jun 2025

Median Home Price

$42,600Down 0.00%

In Nov 2025 · YoY

Aug 2021Jan 2024Nov 2025

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
4 Down 0.00%
Newly Listed Homes
0 Down 0.00%
Months of Supply
0 Down 0.00%

Housing Demand

Homes Sold
1 Down 0.00%
Sale-to-List Ratio
94.7% Down 0.00%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 6.23% · Data as of Nov 2025 · Source: Houzeo Research.

View Full Michigamme Market Report
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    Based on information from MiRealSource through Sep 6, 2026, 6:45 AM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2024 MiRealSource. All Rights Reserved.

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Michigamme, MI Housing Marketlink qauare
Homes Available icon

4

Homes Available

Median List Price icon

$ 42,600

Median List Price

Avg on Market icon

115 Days

Avg on Market

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