Is Cheboygan, MI 49721 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Cheboygan is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score32/ 100

More competitive than 29% of U.S. ZIP codes, and #447 of 510 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.6Under 4 months = seller’s market

Sold above original list18.9%Share of sales, last 3 months

Median sale-to-list97.3%Sold price ÷ list price

Median days on market48Listing to accepted offer

Median price per sq ft$149▼ −4.6% vs. last year

Run the numbers for 49721

Prefilled for 49721Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49721Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Afton 49705Seller’s market $155 /sq ft Indian River 49749Balanced $234 /sq ft Topinabee 49791 $257 /sq ft Wolverine 49799Buyer’s market $203 /sq ft Browse all markets →

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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 Cheboygan County property taxes Cheboygan 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