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Is Mc Millan, MI 49853 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Mc Millan is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.2%Sold price ÷ list price
Median days on market55Listing to accepted offer
Median price per sq ft$214▲ +7.5% vs. last year

The Mc Millan housing market right now

In the three months ending August 31, 2026, 0% of homes in Mc Millan, MI 49853 sold above their list price, the typical home went under contract in 55 days and there were 4.1 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. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (26 days then) and the median sale price rose 25% to $248,892. Overall, Mc Millan is less competitive than a year ago, which gives buyers more room.

Run the numbers for 49853

Prefilled for 49853Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49853Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Newberry 49868Balanced $113 /sq ft Browse all markets →

Towns like Mc Millan nearby

Find towns like Mc Millan in other states →
Germfask, MI49836 · 10 miles away75% similarhigher income ($31K more) · pricier homes ($44K more) Engadine, MI49827 · 9 miles away66% similaryounger residents · 5 min shorter commute Manistique, MI49854 · 32 miles away56% similarcheaper homes ($41K less) · larger Newberry, MI49868 · 11 miles away39% similarcheaper homes ($72K less) · larger

Where Mc Millan is

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Questions about Mc Millan real estate

Is Mc Millan a buyer’s or seller’s market?

A balanced market: there were 4.1 months of supply in Mc Millan, MI 49853 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 Mc Millan?

The typical home went under contract in 55 days in the latest three months.

Do homes in Mc Millan sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.2% of the list price.

What are property taxes in Mc Millan?

About 0.98% of a home’s value a year in Luce County, or roughly $3,920 on a $400,000 home.

What is the median home price in Mc Millan?

The median sale price was $248,892 in the three months ending August 31, 2026, about $214 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