Is Chassell, MI 49916 a buyer’s or seller’s market?

The Chassell housing market right now

In the three months ending August 31, 2026, 18% of homes in Chassell, MI 49916 sold above their list price, the typical home went under contract in 44 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (51 days then) and the median sale price fell 23% to $354,846. Overall, Chassell is more competitive than a year ago, so tougher for buyers.

Within Houghton County, homes here sell faster than in 64% of the county’s ZIP codes, and sell more often over asking than in 57%.

Nearby, buyers who want less competition could look at Trout Creek 49967 (0% sold over asking) or Toivola 49965 (0% sold over asking), while Hubbell 49934 (67% sold over asking) and Dodgeville 49921 (50% sold over asking) are even more competitive.