Is Toivola, MI 49965 a buyer’s or seller’s market?
Toivola is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Toivola housing market right now
In the three months ending August 31, 2026, 0% of homes in Toivola, MI 49965 sold above their list price, the typical home went under contract in 38 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 33%, homes sold faster (167 days then) and the median sale price fell 25% to $373,338. Overall, Toivola is more competitive than a year ago, so tougher for buyers.
Within Houghton County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hubbell 49934 (67% sold over asking) and Dodgeville 49921 (50% sold over asking) are even more competitive.
Run the numbers for 49965
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 Toivola is
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Questions about Toivola real estate
Is Toivola a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Toivola, MI 49965 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 Toivola?
The typical home went under contract in 38 days in the latest three months.
Do homes in Toivola sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Toivola?
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 Toivola?
The median sale price was $373,338 in the three months ending August 31, 2026, about $319 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