Is Cadillac, MI 49601 a buyer’s or seller’s market?
Cadillac is a seller’s market. With about 3.7 months of supply and 21% 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.
More competitive than 49% of U.S. ZIP codes, and #364 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 Cadillac housing market right now
In the three months ending August 31, 2026, 21% of homes in Cadillac, MI 49601 sold above their list price, the typical home went under contract in 39 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 128 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (44 days then) and the median sale price fell 14% to $222,904. Overall, Cadillac is about as competitive as it was a year ago.
Within Wexford County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Cadillac ranks #364 of 510 MI ZIP codes with enough sales (score 48 out of 100).
Nearby, buyers who want less competition could look at Boon 49618 (0% sold over asking), while Harrietta 49638 (50% sold over asking) and Mesick 49668 (31% sold over asking) are even more competitive.
Run the numbers for 49601
Nearby markets
Boon 49618Seller’s market $161 /sq ftHarrietta 49638Balanced $79 /sq ftManton 49663Seller’s market $177 /sq ftMesick 49668Seller’s market $142 /sq ft Browse all markets →Towns like Cadillac nearby
Find towns like Cadillac in other states →Where Cadillac is
Loading map…
Questions about Cadillac real estate
Is Cadillac a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Cadillac, MI 49601 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 Cadillac?
The typical home went under contract in 39 days in the latest three months.
Do homes in Cadillac sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Cadillac?
About 1.13% of a home’s value a year in Wexford County, or roughly $4,520 on a $400,000 home.
What is the median home price in Cadillac?
The median sale price was $222,904 in the three months ending August 31, 2026, about $173 per square foot.
Local agents
See all agents in 49601 →No sponsored agents in 49601 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 49601
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology