Is Hessel, MI 49745 a buyer’s or seller’s market?
Hessel is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Hessel housing market right now
In the three months ending August 31, 2026, 20% of homes in Hessel, MI 49745 sold above their list price, the typical home went under contract in 47 days and there were 4.5 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. With only 5 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 0%, homes sold faster (51 days then) and the median sale price rose 312% to $308,866. Overall, Hessel is more competitive than a year ago, so tougher for buyers.
Within Mackinac County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Gould City 49838 (0% sold over asking) or Engadine 49827 (0% sold over asking).
Run the numbers for 49745
Nearby markets
Cedarville 49719Balanced $294 /sq ftCurtis 49820Seller’s market $271 /sq ftEngadine 49827Buyer’s market $178 /sq ftGould City 49838Buyer’s market $228 /sq ft Browse all markets →Where Hessel is
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Questions about Hessel real estate
Is Hessel a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Hessel, MI 49745 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 Hessel?
The typical home went under contract in 47 days in the latest three months.
Do homes in Hessel sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 104.4% of the list price.
What are property taxes in Hessel?
About 1.07% of a home’s value a year in Mackinac County, or roughly $4,280 on a $400,000 home.
What is the median home price in Hessel?
The median sale price was $308,866 in the three months ending August 31, 2026, about $254 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