Is Mackinaw City, MI 49701 a buyer’s or seller’s market?

The Mackinaw City housing market right now

In the three months ending August 31, 2026, 50% of homes in Mackinaw City, MI 49701 sold above their list price, the typical home went under contract in 43 days and there were 12 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 rose from 33%, homes sold faster (122 days then) and the median sale price fell 4% to $359,095. Overall, Mackinaw City is more competitive than a year ago, so tougher for buyers.

Within Emmet County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%.

Nearby, buyers who want less competition could look at Pellston 49769 (0% sold over asking) or Carp Lake 49718 (0% sold over asking), while Brutus 49716 (100% sold over asking) is even more competitive.