Is Wellston, MI 49689 a buyer’s or seller’s market?

The Wellston housing market right now

In the three months ending August 31, 2026, 50% of homes in Wellston, MI 49689 sold above their list price, the typical home went under contract in 39 days and there were 5.4 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 10 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold faster (57 days then) and the median sale price fell 2% to $196,440. Overall, Wellston is more competitive than a year ago, so tougher for buyers.

Within Manistee County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 50%.

Nearby, buyers who want less competition could look at Bear Lake 49614 (8% sold over asking) or Manistee 49660 (9% sold over asking), while Copemish 49625 (100% sold over asking) and Filer City 49634 (100% sold over asking) are even more competitive.