Is Perkins, MI 49872 a buyer’s or seller’s market?
Perkins is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Perkins housing market right now
In the three months ending August 31, 2026, 0% of homes in Perkins, MI 49872 sold above their list price, the typical home went under contract in 52 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold more slowly (1 days then) and the median sale price fell 7% to $195,915. Overall, Perkins is less competitive than a year ago, which gives buyers more room.
Within Delta County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Wells 49894 (50% sold over asking) and Gladstone 49837 (44% sold over asking) are even more competitive.
Run the numbers for 49872
Nearby markets
Bark River 49807Seller’s market $135 /sq ftCooks 49817Seller’s market $130 /sq ftEscanaba 49829Seller’s market $123 /sq ftGarden 49835Buyer’s market $294 /sq ft Browse all markets →Where Perkins is
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Questions about Perkins real estate
Is Perkins a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Perkins, MI 49872 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 Perkins?
The typical home went under contract in 52 days in the latest three months.
Do homes in Perkins sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.
What are property taxes in Perkins?
About 1.13% of a home’s value a year in Delta County, or roughly $4,520 on a $400,000 home.
What is the median home price in Perkins?
The median sale price was $195,915 in the three months ending August 31, 2026, about $218 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