Is Houghton, MI 49931 a buyer’s or seller’s market?

The Houghton housing market right now

In the three months ending August 31, 2026, 19% of homes in Houghton, MI 49931 sold above their list price, the typical home went under contract in 50 days and there were 5.6 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 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 23%, homes sold faster (59 days then) and the median sale price rose 3% to $285,876. Overall, Houghton is about as competitive as it was a year ago.

Within Houghton County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 64%. On our competition score, Houghton ranks #454 of 510 MI ZIP codes with enough sales (score 30 out of 100).

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.