Is Grand Marais, MI 49839 a buyer’s or seller’s market?
Grand Marais is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Grand Marais housing market right now
In the three months ending August 31, 2026, 0% of homes in Grand Marais, MI 49839 sold above their list price, the typical home went under contract in 11 days and there were 5.3 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 3 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 faster (40 days then) and the median sale price fell 50% to $157,832. Overall, Grand Marais is more competitive than a year ago, so tougher for buyers.
Within Alger County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Trenary 49891 (67% sold over asking) and Chatham 49816 (50% sold over asking) are even more competitive.
Run the numbers for 49839
Nearby markets
Au Train 49806Buyer’s market $335 /sq ftChatham 49816Seller’s market $291 /sq ftDeerton 49822Seller’s market $173 /sq ftEben Junction 49825 — /sq ft Browse all markets →Where Grand Marais is
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Questions about Grand Marais real estate
Is Grand Marais a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Grand Marais, MI 49839 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 Grand Marais?
The typical home went under contract in 11 days in the latest three months.
Do homes in Grand Marais sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Grand Marais?
About 0.94% of a home’s value a year in Alger County, or roughly $3,760 on a $400,000 home.
What is the median home price in Grand Marais?
The median sale price was $157,832 in the three months ending August 31, 2026, about $443 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