Is Houghton Lake, MI 48629 a buyer’s or seller’s market?

The Houghton Lake housing market right now

In the three months ending August 31, 2026, 18% of homes in Houghton Lake, MI 48629 sold above their list price, the typical home went under contract in 34 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 79 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (58 days then) and the median sale price rose 3% to $219,905. Overall, Houghton Lake is more competitive than a year ago, so tougher for buyers.

Within Roscommon County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 50%. On our competition score, Houghton Lake ranks #437 of 510 MI ZIP codes with enough sales (score 34 out of 100).

Nearby, buyers who want less competition could look at Prudenville 48651 (2% sold over asking) or Saint Helen 48656 (12% sold over asking), while Houghton Lake Heights 48630 (25% sold over asking) is even more competitive.