Is Lake Linden, MI 49945 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Lake Linden is a seller’s market. With about 3.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market36Listing to accepted offer
Median price per sq ft$162▼ −50.7% vs. last year

The Lake Linden housing market right now

In the three months ending August 31, 2026, 33% of homes in Lake Linden, MI 49945 sold above their list price, the typical home went under contract in 36 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 100%, homes sold more slowly (5 days then) and the median sale price fell 14% to $202,412. Overall, Lake Linden is less competitive than a year ago, which gives buyers more room.

Within Houghton County, homes here sell faster than in 79% of the county’s ZIP codes, and sell more often over asking than in 79%.

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.

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 Lake Linden is

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Questions about Lake Linden real estate

Is Lake Linden a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Lake Linden, MI 49945 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 Lake Linden?

The typical home went under contract in 36 days in the latest three months.

Do homes in Lake Linden sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.

What are property taxes in Lake Linden?

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 Lake Linden?

The median sale price was $202,412 in the three months ending August 31, 2026, about $162 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