Is Ramsay, MI 49959 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Ramsay is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Ramsay housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Gogebic County, MI

Population	372
Median income	$47,500
Average income	$50,268
Median home value	$65,600
Owner-occupied	90% of homes
Median year built	1938

Natural hazard riskWinter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 49959; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 49959

Prefilled for 49959Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49959Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bessemer 49911Buyer’s market $87 /sq ft Ironwood 49938Balanced $106 /sq ft Marenisco 49947Buyer’s market $248 /sq ft Wakefield 49968Seller’s market $97 /sq ft Browse all markets →

Where Ramsay is

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Questions about Ramsay real estate

What are property taxes in Ramsay?

About 1.43% of a home’s value a year in Gogebic County, or roughly $5,720 on a $400,000 home.

Local agents

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More tools for 49959

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Gogebic County property taxes Gogebic County loan limits Closing costs in Michigan Hottest ZIP codes in Michigan

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology