Is Luzerne, MI 48636 a buyer’s or seller’s market?
Luzerne is a seller’s market. With about 2.9 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Luzerne housing market right now
In the three months ending August 31, 2026, 30% of homes in Luzerne, MI 48636 sold above their list price, the typical home went under contract in 47 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (56 days then) and the median sale price rose 9% to $122,947. Overall, Luzerne is more competitive than a year ago, so tougher for buyers.
Within Oscoda County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Mio 48647 (17% sold over asking) or Lewiston 49756 (20% sold over asking), while Comins 48619 (50% sold over asking) and Fairview 48621 (50% sold over asking) are even more competitive.
Run the numbers for 48636
Nearby markets
Comins 48619Buyer’s market $81 /sq ftFairview 48621Buyer’s market $134 /sq ftLewiston 49756Seller’s market $178 /sq ftMio 48647Buyer’s market $121 /sq ft Browse all markets →Where Luzerne is
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Questions about Luzerne real estate
Is Luzerne a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Luzerne, MI 48636 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Luzerne?
The typical home went under contract in 47 days in the latest three months.
Do homes in Luzerne sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Luzerne?
About 0.94% of a home’s value a year in Oscoda County, or roughly $3,760 on a $400,000 home.
What is the median home price in Luzerne?
The median sale price was $122,947 in the three months ending August 31, 2026, about $135 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology