Is Gould City, MI 49838 a buyer’s or seller’s market?
Gould City is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Gould City housing market right now
In the three months ending August 31, 2026, 0% of homes in Gould City, MI 49838 sold above their list price, the typical home went under contract in 32 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 more slowly (7 days then) and the median sale price rose 23% to $277,380. Overall, Gould City is less competitive than a year ago, which gives buyers more room.
Within Mackinac County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Hessel 49745 (20% sold over asking) and Curtis 49820 (17% sold over asking) are even more competitive.
Run the numbers for 49838
Nearby markets
Cedarville 49719Balanced $294 /sq ftCurtis 49820Seller’s market $271 /sq ftEngadine 49827Buyer’s market $178 /sq ftHessel 49745Balanced $254 /sq ft Browse all markets →Where Gould City is
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Questions about Gould City real estate
Is Gould City a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Gould City, MI 49838 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 Gould City?
The typical home went under contract in 32 days in the latest three months.
Do homes in Gould City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Gould City?
About 1.07% of a home’s value a year in Mackinac County, or roughly $4,280 on a $400,000 home.
What is the median home price in Gould City?
The median sale price was $277,380 in the three months ending August 31, 2026, about $228 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