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Is Falmouth, MI 49632 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Falmouth 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.

Months of supply4.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94%Sold price ÷ list price
Median days on market137Listing to accepted offer
Median price per sq ft$171▲ +38.5% vs. last year

The Falmouth housing market right now

In the three months ending August 31, 2026, 0% of homes in Falmouth, MI 49632 sold above their list price, the typical home went under contract in 137 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 fell from 25%, homes sold more slowly (100 days then) and the median sale price rose 28% to $197,889. Overall, Falmouth is less competitive than a year ago, which gives buyers more room.

Nearby, Lake City 49651 (22% sold over asking) is even more competitive.

Run the numbers for 49632

Prefilled for 49632Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49632Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Lake City 49651Seller’s market $183 /sq ftMc Bain 49657Seller’s market $165 /sq ftMerritt 49667 — /sq ft Browse all markets →

Towns like Falmouth nearby

Find towns like Falmouth in other states →
Barryton, MI49305 · 35 miles away85% similarlarger · 8 min longer commute Sears, MI49679 · 27 miles away82% similarpricier homes ($30K more) · younger residents Saint Helen, MI48656 · 30 miles away82% similarcheaper homes ($38K less) · larger Evart, MI49631 · 28 miles away81% similarlarger

Where Falmouth is

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Questions about Falmouth real estate

Is Falmouth a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Falmouth, MI 49632 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 Falmouth?

The typical home went under contract in 137 days in the latest three months.

Do homes in Falmouth sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.

What are property taxes in Falmouth?

About 0.98% of a home’s value a year in Missaukee County, or roughly $3,920 on a $400,000 home.

What is the median home price in Falmouth?

The median sale price was $197,889 in the three months ending August 31, 2026, about $171 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