Is Harbor Springs, MI 49740 a buyer’s or seller’s market?
Harbor Springs is a seller’s market. With about 2.8 months of supply and 11% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Harbor Springs housing market right now
In the three months ending August 31, 2026, 11% of homes in Harbor Springs, MI 49740 sold above their list price, the typical home went under contract in 39 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Within Emmet County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less 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) and Mackinaw City 49701 (50% sold over asking) are even more competitive.
Run the numbers for 49740
Nearby markets
Alanson 49706Seller’s market $235 /sq ftBrutus 49716Buyer’s market $439 /sq ftCarp Lake 49718Buyer’s market $261 /sq ftLevering 49755Balanced $339 /sq ft Browse all markets →Towns like Harbor Springs nearby
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Questions about Harbor Springs real estate
Is Harbor Springs a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Harbor Springs, MI 49740 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 Harbor Springs?
The typical home went under contract in 39 days in the latest three months.
Do homes in Harbor Springs sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Harbor Springs?
About 0.83% of a home’s value a year in Emmet County, or roughly $3,320 on a $400,000 home.
What is the median home price in Harbor Springs?
The median sale price was $649,719 in the three months ending August 31, 2026, about $312 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