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Is Ossineke, MI 49766 a buyer’s or seller’s market?

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

Ossineke is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market40Listing to accepted offer
Median price per sq ft$100▼ −30.1% vs. last year

The Ossineke housing market right now

In the three months ending August 31, 2026, 0% of homes in Ossineke, MI 49766 sold above their list price, the typical home went under contract in 40 days and there were 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. With only 4 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 14%, homes sold more slowly (26 days then) and the median sale price rose 42% to $219,405. Overall, Ossineke is less competitive than a year ago, which gives buyers more room.

Nearby, Herron 49744 (50% sold over asking) and Alpena 49707 (18% sold over asking) are even more competitive.

Run the numbers for 49766

Prefilled for 49766Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49766Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alpena 49707Seller’s market $122 /sq ftHerron 49744Seller’s market $122 /sq ftLachine 49753Balanced $131 /sq ft Browse all markets →

Towns like Ossineke nearby

Find towns like Ossineke in other states →
Lachine, MI49753 · 17 miles away90% similarsmaller · older residents Hillman, MI49746 · 26 miles away85% similarolder residents Fairview, MI48621 · 32 miles away82% similarsmaller · older residents Mio, MI48647 · 37 miles away81% similarcheaper homes ($50K less) · larger

Where Ossineke is

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Questions about Ossineke real estate

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

A balanced market: there were 4 months of supply in Ossineke, MI 49766 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 Ossineke?

The typical home went under contract in 40 days in the latest three months.

Do homes in Ossineke sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.

What are property taxes in Ossineke?

About 1.06% of a home’s value a year in Alpena County, or roughly $4,240 on a $400,000 home.

What is the median home price in Ossineke?

The median sale price was $219,405 in the three months ending August 31, 2026, about $100 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