Is Mio, MI 48647 a buyer’s or seller’s market?
Mio is a buyer’s market. With about 6.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 22% of U.S. ZIP codes, and #468 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Mio housing market right now
In the three months ending August 31, 2026, 17% of homes in Mio, MI 48647 sold above their list price, the typical home went under contract in 35 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (48 days then) and the median sale price rose 36% to $135,441. Overall, Mio is more competitive than a year ago, so tougher for buyers.
Within Oscoda County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Mio ranks #468 of 510 MI ZIP codes with enough sales (score 27 out of 100).
Nearby, Comins 48619 (50% sold over asking) and Fairview 48621 (50% sold over asking) are even more competitive.
Run the numbers for 48647
Nearby markets
Comins 48619Buyer’s market $81 /sq ftFairview 48621Buyer’s market $134 /sq ftLewiston 49756Seller’s market $178 /sq ftLuzerne 48636Seller’s market $135 /sq ft Browse all markets →Towns like Mio nearby
Find towns like Mio in other states →Where Mio is
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Questions about Mio real estate
Is Mio a buyer’s or seller’s market?
A buyer’s market: there were 6.8 months of supply in Mio, MI 48647 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 Mio?
The typical home went under contract in 35 days in the latest three months.
Do homes in Mio sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 90.7% of the list price.
What are property taxes in Mio?
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 Mio?
The median sale price was $135,441 in the three months ending August 31, 2026, about $121 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