Is Grayling, MI 49738 a buyer’s or seller’s market?
Grayling is a balanced market. With about 4.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 34% of U.S. ZIP codes, and #434 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Grayling housing market right now
In the three months ending August 31, 2026, 20% of homes in Grayling, MI 49738 sold above their list price, the typical home went under contract in 48 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 47 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (20% then), homes sold more slowly (45 days then) and the median sale price fell 8% to $209,909. Overall, Grayling is about as competitive as it was a year ago.
On our competition score, Grayling ranks #434 of 510 MI ZIP codes with enough sales (score 36 out of 100).
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Questions about Grayling real estate
Is Grayling a buyer’s or seller’s market?
A balanced market: there were 4.7 months of supply in Grayling, MI 49738 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 Grayling?
The typical home went under contract in 48 days in the latest three months.
Do homes in Grayling sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Grayling?
About 1.06% of a home’s value a year in Crawford County, or roughly $4,240 on a $400,000 home.
What is the median home price in Grayling?
The median sale price was $209,909 in the three months ending August 31, 2026, about $145 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