Is Rapid River, MI 49878 a buyer’s or seller’s market?
Rapid River is a seller’s market. With about 2.7 months of supply and 5% 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.
Months of supply2.7Under 4 months = seller’s market
Sold above original list4.8%Share of sales, last 3 months
Median sale-to-list96%Sold price ÷ list price
Median days on market68Listing to accepted offer
Median price per sq ft$180▲ +0.7% vs. last year
Run the numbers for 49878
Nearby markets
Bark River 49807Seller’s market $135 /sq ftCooks 49817Seller’s market $130 /sq ftEscanaba 49829Seller’s market $123 /sq ftGarden 49835Buyer’s market $294 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology