Is Cornell, MI 49818 a buyer’s or seller’s market?
Cornell is a seller’s market. With about 1.6 months of supply and 33% 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 Cornell housing market right now
In the three months ending August 31, 2026, 33% of homes in Cornell, MI 49818 sold above their list price, the typical home went under contract in 88 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Within Marquette County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in 56%.
Nearby, buyers who want less competition could look at Skandia 49885 (0% sold over asking) or Rock 49880 (0% sold over asking), while Republic 49879 (71% sold over asking) and Palmer 49871 (50% sold over asking) are even more competitive.
Run the numbers for 49818
Nearby markets
Big Bay 49808 — /sq ftChampion 49814Balanced $163 /sq ftGwinn 49841Seller’s market $180 /sq ftIshpeming 49849Seller’s market $178 /sq ft Browse all markets →Towns like Cornell nearby
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Questions about Cornell real estate
Is Cornell a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Cornell, MI 49818 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 Cornell?
The typical home went under contract in 88 days in the latest three months.
Do homes in Cornell sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Cornell?
About 0.97% of a home’s value a year in Marquette County, or roughly $3,880 on a $400,000 home.
What is the median home price in Cornell?
The median sale price was $344,851 in the three months ending August 31, 2026, about $180 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