Is Hubbell, MI 49934 a buyer’s or seller’s market?
Hubbell is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Hubbell housing market right now
In the three months ending August 31, 2026, 67% of homes in Hubbell, MI 49934 sold above their list price, the typical home went under contract in 64 days and there were 5.3 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. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold about as fast and the median sale price rose 44% to $205,911. Overall, Hubbell is more competitive than a year ago, so tougher for buyers.
Within Houghton County, homes here sell more slowly than in 79% 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 Trout Creek 49967 (0% sold over asking) or Toivola 49965 (0% sold over asking).
Run the numbers for 49934
Nearby markets
Atlantic Mine 49905Seller’s market $122 /sq ftCalumet 49913Buyer’s market $97 /sq ftChassell 49916Balanced $226 /sq ftDodgeville 49921Seller’s market $167 /sq ft Browse all markets →Where Hubbell is
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Questions about Hubbell real estate
Is Hubbell a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Hubbell, MI 49934 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 Hubbell?
The typical home went under contract in 64 days in the latest three months.
Do homes in Hubbell sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 101.7% of the list price.
What are property taxes in Hubbell?
About 1.16% of a home’s value a year in Houghton County, or roughly $4,640 on a $400,000 home.
What is the median home price in Hubbell?
The median sale price was $205,911 in the three months ending August 31, 2026, about $129 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