Is Marenisco, MI 49947 a buyer’s or seller’s market?
Marenisco is a buyer’s market. With about 7.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Marenisco housing market right now
In the three months ending August 31, 2026, 0% of homes in Marenisco, MI 49947 sold above their list price, the typical home went under contract in 31 days and there were 7.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (58 days then) and the median sale price fell 43% to $207,410. Overall, Marenisco is more competitive than a year ago, so tougher for buyers.
Within Gogebic County, homes here sell faster, and 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 49947
Nearby markets
Bessemer 49911Buyer’s market $87 /sq ftIronwood 49938Balanced $106 /sq ftRamsay 49959 — /sq ftWakefield 49968Seller’s market $97 /sq ft Browse all markets →Where Marenisco is
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Questions about Marenisco real estate
Is Marenisco a buyer’s or seller’s market?
A buyer’s market: there were 7.6 months of supply in Marenisco, MI 49947 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 Marenisco?
The typical home went under contract in 31 days in the latest three months.
Do homes in Marenisco sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.7% of the list price.
What are property taxes in Marenisco?
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 Marenisco?
The median sale price was $207,410 in the three months ending August 31, 2026, about $248 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