Chatham, MI 49816 housing market
Data through Sep 2026 · Seller's market · leverage 14
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Buyer Leverage Score
14
Sep 2026
Months of Supply
3.2 months
Aug 2026
Days on Market
59 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
99.7%
Aug 2026
Expected Disaster Loss
$95
Dec 2025
What this means
- Supply. Listings are 33% below the 2017-19 norm: still a tight market.
- Negotiating. Buyer leverage is low (14/100; U.S.: 54): homes sell for about 0.3% below their final list price; 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $95 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Alger County, MI
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Munising, MI 49862 | $202.6K | +5.2% | 61 |
| Shingleton, MI 49884 | $185.7K | +7.0% | 98 |
| Au Train, MI 49806 | $251.6K | +11.7% | 27 |
| Trenary, MI 49891 | – | – | 61 |
| Eben Junction, MI 49825 | – | – | 16 |
| Skandia, MI 49822 | – | – | 67 |
| ZIP 49826 | – | – | 6 |
| Seney, MI 49839 | $251.7K | +19.1% | 28 |