Is Wells, MI 49894 a buyer’s or seller’s market?
Wells is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Wells housing market right now
In the three months ending August 31, 2026, 50% of homes in Wells, MI 49894 sold above their list price and the typical home went under contract in 47 days. 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 fell from 100%, homes sold more slowly (7 days then) and the median sale price rose 28% to $228,651. Overall, Wells is less competitive than a year ago, which gives buyers more room.
Within Delta County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Perkins 49872 (0% sold over asking) or Nahma 49864 (0% sold over asking).
Run the numbers for 49894
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 Wells is
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Questions about Wells real estate
How fast do homes sell in Wells?
The typical home went under contract in 47 days in the latest three months.
Do homes in Wells sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.
What are property taxes in Wells?
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 Wells?
The median sale price was $228,651 in the three months ending August 31, 2026, about $141 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