Is South Range, MI 49963 a buyer’s or seller’s market?
South Range is a seller’s market. With about 1.6 months of supply and 17% 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.
The South Range housing market right now
In the three months ending August 31, 2026, 17% of homes in South Range, MI 49963 sold above their list price, the typical home went under contract in 47 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 (51 days then) and the median sale price rose 1% to $204,911. Overall, South Range is more competitive than a year ago, so tougher for buyers.
Within Houghton County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 50%.
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.
Run the numbers for 49963
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 South Range is
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Questions about South Range real estate
Is South Range a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in South Range, MI 49963 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 South Range?
The typical home went under contract in 47 days in the latest three months.
Do homes in South Range sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in South Range?
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 South Range?
The median sale price was $204,911 in the three months ending August 31, 2026, about $154 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