Is Central Lake, MI 49622 a buyer’s or seller’s market?

The Central Lake housing market right now

In the three months ending August 31, 2026, 5% of homes in Central Lake, MI 49622 sold above their list price, the typical home went under contract in 51 days and there were 4.7 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 20 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (47 days then) and the median sale price fell 22% to $412,322. Overall, Central Lake is less competitive than a year ago, which gives buyers more room.

Within Antrim County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Central Lake ranks #489 of 510 MI ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Elmira 49730 (0% sold over asking) or East Jordan 49727 (0% sold over asking), while Kewadin 49648 (24% sold over asking) and Ellsworth 49729 (20% sold over asking) are even more competitive.