Is Boon, MI 49618 a buyer’s or seller’s market?
Boon is a seller’s market. With about 1.6 months of supply and 0% 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.
The Boon housing market right now
In the three months ending August 31, 2026, 0% of homes in Boon, MI 49618 sold above their list price, the typical home went under contract in 44 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 faster (102 days then) and the median sale price rose 18% to $327,308. Overall, Boon is more competitive than a year ago, so tougher for buyers.
Within Wexford 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, Harrietta 49638 (50% sold over asking) and Mesick 49668 (31% sold over asking) are even more competitive.
Run the numbers for 49618
Nearby markets
Cadillac 49601Seller’s market $173 /sq ftHarrietta 49638Balanced $79 /sq ftManton 49663Seller’s market $177 /sq ftMesick 49668Seller’s market $142 /sq ft Browse all markets →Where Boon is
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Questions about Boon real estate
Is Boon a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Boon, MI 49618 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 Boon?
The typical home went under contract in 44 days in the latest three months.
Do homes in Boon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Boon?
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 Boon?
The median sale price was $327,308 in the three months ending August 31, 2026, about $161 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