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Is Skandia, MI 49885 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Skandia is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.1%Sold price ÷ list price
Median days on market54Listing to accepted offer
Median price per sq ft$247▲ +51.7% vs. last year

The Skandia housing market right now

In the three months ending August 31, 2026, 0% of homes in Skandia, MI 49885 sold above their list price, the typical home went under contract in 54 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, 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 27%, homes sold more slowly (43 days then) and the median sale price fell 6% to $301,869. Overall, Skandia is less competitive than a year ago, which gives buyers more room.

Within Marquette 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, Republic 49879 (71% sold over asking) and Palmer 49871 (50% sold over asking) are even more competitive.

Run the numbers for 49885

Prefilled for 49885Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49885Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Big Bay 49808 — /sq ftChampion 49814Balanced $163 /sq ftCornell 49818Seller’s market $180 /sq ftGwinn 49841Seller’s market $180 /sq ft Browse all markets →

Towns like Skandia nearby

Find towns like Skandia in other states →
Negaunee, MI49866 · 19 miles away71% similarcheaper homes ($29K less) · larger Champion, MI49814 · 29 miles away66% similarcheaper homes ($79K less) · smaller Rapid River, MI49878 · 35 miles away64% similarcheaper homes ($65K less) · larger Cornell, MI49818 · 30 miles away60% similarcheaper homes ($50K less) · smaller

Where Skandia is

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Questions about Skandia real estate

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

A buyer’s market: there were 9.6 months of supply in Skandia, MI 49885 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 Skandia?

The typical home went under contract in 54 days in the latest three months.

Do homes in Skandia sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.

What are property taxes in Skandia?

About 0.97% of a home’s value a year in Marquette County, or roughly $3,880 on a $400,000 home.

What is the median home price in Skandia?

The median sale price was $301,869 in the three months ending August 31, 2026, about $247 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