Is Long Lake, MI 48743 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Long Lake is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Long Lake housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Iosco County, MI

Population	30
Owner-occupied	100% of homes
Median year built	1974

Natural hazard riskWinter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 48743; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 48743

Prefilled for 48743Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48743Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

East Tawas 48730Balanced $172 /sq ft Hale 48739Balanced $153 /sq ft National City 48748Seller’s market $201 /sq ft Oscoda 48750Seller’s market $171 /sq ft Browse all markets →

Where Long Lake is

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Questions about Long Lake real estate

What are property taxes in Long Lake?

About 0.96% of a home’s value a year in Iosco County, or roughly $3,840 on a $400,000 home.

Local agents

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More tools for 48743

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Iosco County property taxes Iosco County loan limits Closing costs in Michigan Hottest ZIP codes in Michigan

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology