Is Bessemer, MI 49911 a buyer’s or seller’s market?
Bessemer is a buyer’s market. With about 7.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Bessemer housing market right now
In the three months ending August 31, 2026, 0% of homes in Bessemer, MI 49911 sold above their list price, the typical home went under contract in 64 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 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 40%, homes sold more slowly (47 days then) and the median sale price rose 18% to $88,712. Overall, Bessemer is less competitive than a year ago, which gives buyers more room.
Within Gogebic County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Wakefield 49968 (33% sold over asking) and Ironwood 49938 (23% sold over asking) are even more competitive.
Run the numbers for 49911
Nearby markets
Ironwood 49938Balanced $106 /sq ftMarenisco 49947Buyer’s market $248 /sq ftRamsay 49959 — /sq ftWakefield 49968Seller’s market $97 /sq ft Browse all markets →Towns like Bessemer nearby
Find towns like Bessemer in other states →Where Bessemer is
Loading map…
Questions about Bessemer real estate
Is Bessemer a buyer’s or seller’s market?
A buyer’s market: there were 7.1 months of supply in Bessemer, MI 49911 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 Bessemer?
The typical home went under contract in 64 days in the latest three months.
Do homes in Bessemer sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Bessemer?
About 1.43% of a home’s value a year in Gogebic County, or roughly $5,720 on a $400,000 home.
What is the median home price in Bessemer?
The median sale price was $88,712 in the three months ending August 31, 2026, about $87 per square foot.
Local agents
See all agents in 49911 →No sponsored agents in 49911 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 49911
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology