Is Indian River, MI 49749 a buyer’s or seller’s market?

The Indian River housing market right now

In the three months ending August 31, 2026, 18% of homes in Indian River, MI 49749 sold above their list price, the typical home went under contract in 44 days and there were 5.3 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 29 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold faster (47 days then) and the median sale price rose 4% to $381,335. Overall, Indian River is less competitive than a year ago, which gives buyers more room.

Within Cheboygan County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Indian River ranks #391 of 510 MI ZIP codes with enough sales (score 45 out of 100).

Nearby, buyers who want less competition could look at Topinabee 49791 (0% sold over asking), while Afton 49705 (67% sold over asking) is even more competitive.