Is Powers, MI 49874 a buyer’s or seller’s market?
Powers is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Powers housing market right now
In the three months ending August 31, 2026, 0% of homes in Powers, MI 49874 sold above their list price, the typical home went under contract in 8 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (31 days then) and the median sale price rose 28% to $189,918. Overall, Powers is less competitive than a year ago, which gives buyers more room.
Within Menominee County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hermansville 49847 (50% sold over asking) and Stephenson 49887 (50% sold over asking) are even more competitive.
Run the numbers for 49874
Nearby markets
Carney 49812 — /sq ftDaggett 49821Seller’s market $162 /sq ftHermansville 49847Seller’s market $200 /sq ftIngalls 49848Seller’s market $154 /sq ft Browse all markets →Towns like Powers nearby
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Questions about Powers real estate
Is Powers a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Powers, MI 49874 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 Powers?
The typical home went under contract in 8 days in the latest three months.
Do homes in Powers sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Powers?
About 1.01% of a home’s value a year in Menominee County, or roughly $4,040 on a $400,000 home.
What is the median home price in Powers?
The median sale price was $189,918 in the three months ending August 31, 2026, about $220 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