Is Bear Lake, MI 49614 a buyer’s or seller’s market?
Bear Lake is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Bear Lake housing market right now
In the three months ending August 31, 2026, 8% of homes in Bear Lake, MI 49614 sold above their list price, the typical home went under contract in 54 days and there were 5.2 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. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (44 days then) and the median sale price rose 33% to $291,874. Overall, Bear Lake is more competitive than a year ago, so tougher for buyers.
Within Manistee County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Copemish 49625 (100% sold over asking) and Filer City 49634 (100% sold over asking) are even more competitive.
Run the numbers for 49614
Nearby markets
Arcadia 49613Seller’s market $439 /sq ftBrethren 49619Buyer’s market $206 /sq ftCopemish 49625Buyer’s market $224 /sq ftEastlake 49626 — /sq ft Browse all markets →Towns like Bear Lake nearby
Find towns like Bear Lake in other states →Where Bear Lake is
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Questions about Bear Lake real estate
Is Bear Lake a buyer’s or seller’s market?
A balanced market: there were 5.2 months of supply in Bear Lake, MI 49614 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 Bear Lake?
The typical home went under contract in 54 days in the latest three months.
Do homes in Bear Lake sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Bear Lake?
About 1.04% of a home’s value a year in Manistee County, or roughly $4,160 on a $400,000 home.
What is the median home price in Bear Lake?
The median sale price was $291,874 in the three months ending August 31, 2026, about $201 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