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Houghton Lake, MI 48629 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Houghton Lake, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.17
ActiveActive listings: 4141PendingPending sales: 77
Houghton Lake, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $270k$270kSoldMedian sold price (last 6 months): $173k$173k
What homes actually sell for in Houghton Lake, MI
Distribution of 161 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $115k to $285k
$49k to $117k: 35 sales$49k$117k to $184k: 44 sales44sales$184k to $252k: 21 sales$184k$252k to $320k: 23 sales$320k to $387k: 5 sales$320k$387k to $455k: 4 sales$455k to $522k: 6 sales$455k$522k to $590k: 5 salesMedian $173k

What the numbers say

As of October 5, 2026, Resideline is tracking 41 active listings and 7 pending sales in ZIP code 48629. That pending-to-active ratio of 0.17 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $270,000, while the median of the 161 closed sales Resideline tracked over the last six months was $173,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48629 for 68 days.

Frequently asked questions

What is the median home price in 48629?

The median closed sale price in Houghton Lake, MI 48629 was $173,000 over the last six months, based on 161 closed sales tracked by Resideline. The middle half of those sales ranged from $114,900 to $285,000.

Is 48629 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 41 active listings in 48629, a pending-to-active ratio of 0.17. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48629 currently looks like a balanced market.

Nearby ZIP code market data

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