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Is Newberry, MI 49868 a buyer’s or seller’s market?

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

Newberry is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score33/ 100

More competitive than 31% of U.S. ZIP codes, and #440 of 510 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.8Under 4 months = seller’s market
Sold above original list9.5%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market44Listing to accepted offer
Median price per sq ft$113▼ −14.7% vs. last year

The Newberry housing market right now

In the three months ending August 31, 2026, 10% of homes in Newberry, MI 49868 sold above their list price, the typical home went under contract in 44 days and there were 5.8 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 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (33 days then) and the median sale price rose 9% to $147,386. Overall, Newberry is less competitive than a year ago, which gives buyers more room.

On our competition score, Newberry ranks #440 of 510 MI ZIP codes with enough sales (score 33 out of 100).

Run the numbers for 49868

Prefilled for 49868Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49868Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Mc Millan 49853Balanced $214 /sq ft Browse all markets →

Towns like Newberry nearby

Find towns like Newberry in other states →
Engadine, MI49827 · 10 miles away65% similarpricier homes ($57K more) · smaller Brimley, MI49715 · 39 miles away63% similarpricier homes ($69K more) · smaller Rudyard, MI49780 · 35 miles away50% similarpricier homes ($61K more) · smaller Mc Millan, MI49853 · 11 miles away39% similarpricier homes ($72K more) · smaller

Where Newberry is

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Questions about Newberry real estate

Is Newberry a buyer’s or seller’s market?

A balanced market: there were 5.8 months of supply in Newberry, MI 49868 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 Newberry?

The typical home went under contract in 44 days in the latest three months.

Do homes in Newberry sell over asking?

10% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.

What are property taxes in Newberry?

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 Newberry?

The median sale price was $147,386 in the three months ending August 31, 2026, about $113 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