Is Pellston, MI 49769 a buyer’s or seller’s market?
Pellston is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Pellston housing market right now
In the three months ending August 31, 2026, 0% of homes in Pellston, MI 49769 sold above their list price, the typical home went under contract in 41 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 50%, homes sold faster (101 days then) and the median sale price fell 28% to $258,638. Overall, Pellston is less competitive than a year ago, which gives buyers more room.
Within Emmet County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Brutus 49716 (100% sold over asking) and Mackinaw City 49701 (50% sold over asking) are even more competitive.
Run the numbers for 49769
Nearby markets
Alanson 49706Seller’s market $235 /sq ftBrutus 49716Buyer’s market $439 /sq ftCarp Lake 49718Buyer’s market $261 /sq ftHarbor Springs 49740Seller’s market $312 /sq ft Browse all markets →Towns like Pellston nearby
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Questions about Pellston real estate
Is Pellston a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Pellston, MI 49769 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 Pellston?
The typical home went under contract in 41 days in the latest three months.
Do homes in Pellston sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in Pellston?
About 0.83% of a home’s value a year in Emmet County, or roughly $3,320 on a $400,000 home.
What is the median home price in Pellston?
The median sale price was $258,638 in the three months ending August 31, 2026, about $230 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