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Is Johannesburg, MI 49751 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Johannesburg is a buyer’s market. With about 9.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.2%Sold price ÷ list price
Median days on market61Listing to accepted offer
Median price per sq ft$162▼ −12.7% vs. last year

The Johannesburg housing market right now

In the three months ending August 31, 2026, 0% of homes in Johannesburg, MI 49751 sold above their list price, the typical home went under contract in 61 days and there were 9.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 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 7%, homes sold more slowly (51 days then) and the median sale price fell 40% to $164,929. Overall, Johannesburg is less competitive than a year ago, which gives buyers more room.

Nearby, Gaylord 49735 (22% sold over asking) and Vanderbilt 49795 (10% sold over asking) are even more competitive.

Run the numbers for 49751

Prefilled for 49751Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49751Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gaylord 49735Balanced $145 /sq ftVanderbilt 49795Balanced $163 /sq ft Browse all markets →

Towns like Johannesburg nearby

Find towns like Johannesburg in other states →
Lachine, MI49753 · 31 miles away90% similarcheaper homes ($36K less) · older residents Onaway, MI49765 · 24 miles away88% similarcheaper homes ($65K less) · larger Wolverine, MI49799 · 22 miles away86% similar5 min longer commute · newer homes Mancelona, MI49659 · 34 miles away85% similarlarger · younger residents

Where Johannesburg is

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Questions about Johannesburg real estate

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

A buyer’s market: there were 9.1 months of supply in Johannesburg, MI 49751 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 Johannesburg?

The typical home went under contract in 61 days in the latest three months.

Do homes in Johannesburg sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.2% of the list price.

What are property taxes in Johannesburg?

About 0.80% of a home’s value a year in Otsego County, or roughly $3,200 on a $400,000 home.

What is the median home price in Johannesburg?

The median sale price was $164,929 in the three months ending August 31, 2026, about $162 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