Is Menominee, MI 49858 a buyer’s or seller’s market?

The Menominee housing market right now

In the three months ending August 31, 2026, 31% of homes in Menominee, MI 49858 sold above their list price, the typical home went under contract in 56 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 60 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 28%, homes sold more slowly (44 days then) and the median sale price fell 2% to $166,428. Overall, Menominee is about as competitive as it was a year ago.

Within Menominee County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 63%. On our competition score, Menominee ranks #361 of 510 MI ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Wallace 49893 (0% sold over asking) or Powers 49874 (0% sold over asking), while Hermansville 49847 (50% sold over asking) and Stephenson 49887 (50% sold over asking) are even more competitive.