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Is Mohawk, MI 49950 a buyer’s or seller’s market?

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

Mohawk is a buyer’s market. With about 9.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.1Under 4 months = seller’s market
Sold above original list28.6%Share of sales, last 3 months
Median sale-to-list110.1%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$348▲ +407.5% vs. last year

The Mohawk housing market right now

In the three months ending August 31, 2026, 29% of homes in Mohawk, MI 49950 sold above their list price, the typical home went under contract in 34 days and there were 9.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 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 0%, homes sold faster (82 days then) and the median sale price rose 155% to $349,849. Overall, Mohawk is more competitive than a year ago, so tougher for buyers.

Run the numbers for 49950

Prefilled for 49950Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49950Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ahmeek 49901 — /sq ftAllouez 49805 — /sq ftCopper Harbor 49918Seller’s market $235 /sq ft Browse all markets →

Towns like Mohawk nearby

Find towns like Mohawk in other states →
Chassell, MI49916 · 27 miles away49% similarcheaper homes ($36K less) · larger Lake Linden, MI49945 · 12 miles away48% similarcheaper homes ($76K less) · larger Atlantic Mine, MI49905 · 25 miles away22% similarlarger · younger residents Calumet, MI49913 · 11 miles away10% similarcheaper homes ($125K less) · larger

Where Mohawk is

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Questions about Mohawk real estate

Is Mohawk a buyer’s or seller’s market?

A buyer’s market: there were 9.1 months of supply in Mohawk, MI 49950 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 Mohawk?

The typical home went under contract in 34 days in the latest three months.

Do homes in Mohawk sell over asking?

29% of homes sold above their original list price, and the typical sale closed at 110.1% of the list price.

What are property taxes in Mohawk?

About 0.99% of a home’s value a year in Keweenaw County, or roughly $3,960 on a $400,000 home.

What is the median home price in Mohawk?

The median sale price was $349,849 in the three months ending August 31, 2026, about $348 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