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Is Hillman, MI 49746 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hillman is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.4Under 4 months = seller’s market
Sold above original list23.1%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market55Listing to accepted offer
Median price per sq ft$125▼ −22.8% vs. last year

The Hillman housing market right now

In the three months ending August 31, 2026, 23% of homes in Hillman, MI 49746 sold above their list price, the typical home went under contract in 55 days and there were 5.4 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 13 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (41 days then) and the median sale price fell 37% to $154,933. Overall, Hillman is more competitive than a year ago, so tougher for buyers.

Run the numbers for 49746

Prefilled for 49746Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49746Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Atlanta 49709Buyer’s market $166 /sq ft Browse all markets →

Towns like Hillman nearby

Find towns like Hillman in other states →
Lewiston, MI49756 · 23 miles away90% similarVery close on income, prices and more Lachine, MI49753 · 10 miles away89% similarsmaller Atlanta, MI49709 · 11 miles away88% similar6 min longer commute Onaway, MI49765 · 23 miles away88% similarcheaper homes ($40K less)

Where Hillman is

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Questions about Hillman real estate

Is Hillman a buyer’s or seller’s market?

A balanced market: there were 5.4 months of supply in Hillman, MI 49746 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 Hillman?

The typical home went under contract in 55 days in the latest three months.

Do homes in Hillman sell over asking?

23% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.

What are property taxes in Hillman?

About 0.86% of a home’s value a year in Montmorency County, or roughly $3,440 on a $400,000 home.

What is the median home price in Hillman?

The median sale price was $154,933 in the three months ending August 31, 2026, about $125 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