Is Hubbard Lake, MI 49747 a buyer’s or seller’s market?
Hubbard Lake is a buyer’s market. With about 14.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hubbard Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Hubbard Lake, MI 49747 sold above their list price, the typical home went under contract in 29 days and there were 14.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 fell from 29%, homes sold faster (61 days then) and the median sale price rose 26% to $327,358. Overall, Hubbard Lake is less competitive than a year ago, which gives buyers more room.
Within Alcona County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Barton City 48705 (33% sold over asking) and Spruce 48762 (14% sold over asking) are even more competitive.
Run the numbers for 49747
Nearby markets
Barton City 48705Balanced $153 /sq ftBlack River 48721Seller’s market $152 /sq ftCurran 48728Buyer’s market $173 /sq ftGlennie 48737Buyer’s market $96 /sq ft Browse all markets →Towns like Hubbard Lake nearby
Find towns like Hubbard Lake in other states →Where Hubbard Lake is
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Questions about Hubbard Lake real estate
Is Hubbard Lake a buyer’s or seller’s market?
A buyer’s market: there were 14.4 months of supply in Hubbard Lake, MI 49747 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 Hubbard Lake?
The typical home went under contract in 29 days in the latest three months.
Do homes in Hubbard Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Hubbard Lake?
About 0.82% of a home’s value a year in Alcona County, or roughly $3,280 on a $400,000 home.
What is the median home price in Hubbard Lake?
The median sale price was $327,358 in the three months ending August 31, 2026, about $196 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