Is Herron, MI 49744 a buyer’s or seller’s market?
Herron is a seller’s market. With about 1.6 months of supply and 50% 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 Herron housing market right now
In the three months ending August 31, 2026, 50% of homes in Herron, MI 49744 sold above their list price, the typical home went under contract in 57 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (50% then), homes sold more slowly (52 days then) and the median sale price rose 63% to $374,588. Overall, Herron is about as competitive as it was a year ago.
Nearby, buyers who want less competition could look at Ossineke 49766 (0% sold over asking) or Lachine 49753 (14% sold over asking).
Run the numbers for 49744
Nearby markets
Alpena 49707Seller’s market $122 /sq ftLachine 49753Balanced $131 /sq ftOssineke 49766Balanced $100 /sq ft Browse all markets →Where Herron is
Loading map…
Questions about Herron real estate
Is Herron a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Herron, MI 49744 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 Herron?
The typical home went under contract in 57 days in the latest three months.
Do homes in Herron sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Herron?
About 1.06% of a home’s value a year in Alpena County, or roughly $4,240 on a $400,000 home.
What is the median home price in Herron?
The median sale price was $374,588 in the three months ending August 31, 2026, about $122 per square foot.
Local agents
See all agents in 49744 →No sponsored agents in 49744 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 49744
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology