Is Posen, MI 49776 a buyer’s or seller’s market?
Posen 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.
The Posen housing market right now
In the three months ending August 31, 2026, 0% of homes in Posen, MI 49776 sold above their list price, the typical home went under contract in 86 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 was about the same (0% then), homes sold more slowly (73 days then) and the median sale price rose 154% to $347,849. Overall, Posen is less competitive than a year ago, which gives buyers more room.
Within Presque Isle County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Rogers City 49779 (15% sold over asking) and Presque Isle 49777 (11% sold over asking) are even more competitive.
Run the numbers for 49776
Nearby markets
Hawks 49743Buyer’s market $144 /sq ftMillersburg 49759Balanced $206 /sq ftOnaway 49765Balanced $154 /sq ftPresque Isle 49777Buyer’s market $196 /sq ft Browse all markets →Towns like Posen nearby
Find towns like Posen in other states →Where Posen is
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Questions about Posen real estate
Is Posen a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Posen, MI 49776 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 Posen?
The typical home went under contract in 86 days in the latest three months.
Do homes in Posen sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Posen?
About 0.95% of a home’s value a year in Presque Isle County, or roughly $3,800 on a $400,000 home.
What is the median home price in Posen?
The median sale price was $347,849 in the three months ending August 31, 2026, about $326 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