Is Omer, MI 48749 a buyer’s or seller’s market?
Omer is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Omer housing market right now
In the three months ending August 31, 2026, 0% of homes in Omer, MI 48749 sold above their list price, the typical home went under contract in 146 days and there were 4.8 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. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (40 days then) and the median sale price rose 1009% to $1,496,852. Overall, Omer is less competitive than a year ago, which gives buyers more room.
Within Arenac County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Au Gres 48703 (11% sold over asking) and Standish 48658 (9% sold over asking) are even more competitive.
Run the numbers for 48749
Nearby markets
Au Gres 48703Balanced $160 /sq ftStandish 48658Balanced $135 /sq ftSterling 48659Seller’s market $137 /sq ftTurner 48765Balanced $92 /sq ft Browse all markets →Towns like Omer nearby
Find towns like Omer in other states →Where Omer is
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Questions about Omer real estate
Is Omer a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Omer, MI 48749 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 Omer?
The typical home went under contract in 146 days in the latest three months.
Do homes in Omer sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.
What are property taxes in Omer?
About 1.13% of a home’s value a year in Arenac County, or roughly $4,520 on a $400,000 home.
What is the median home price in Omer?
The median sale price was $1,496,852 in the three months ending August 31, 2026, about $456 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