Is Walloon Lake, MI 49796 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Walloon Lake housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Charlevoix County, MI

Population	359
Median income	$87,434
Average income	$176,963
Median home value	$282,300
Owner-occupied	86% of homes
Median year built	1978

Natural hazard riskLow for the hazards we track

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 49796; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 49796

Prefilled for 49796Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49796Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Beaver Island 49782Buyer’s market $290 /sq ft Boyne City 49712Seller’s market $318 /sq ft Boyne Falls 49713Buyer’s market $153 /sq ft Charlevoix 49720Seller’s market $435 /sq ft Browse all markets →

Where Walloon Lake is

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Questions about Walloon Lake real estate

What are property taxes in Walloon Lake?

About 0.90% of a home’s value a year in Charlevoix County, or roughly $3,600 on a $400,000 home.

Local agents

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More tools for 49796

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Charlevoix County property taxes Charlevoix County loan limits Closing costs in Michigan Hottest ZIP codes in Michigan

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology