Covington, MI 49919 housing market
Data through Sep 2026 · Balanced market · leverage 28
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Buyer Leverage Score
28
Sep 2026
Months of Supply
1.1 months
Aug 2026
Days on Market
147 days
Sep 2026
Price Cut %
0.0%
Sep 2026
Sale-to-List Ratio
93.0%
Aug 2026
Expected Disaster Loss
$88
Dec 2025
What this means
- Supply. Listings are 82% below the 2017-19 norm and falling (−86% vs. a year ago): still a tight market.
- Negotiating. Buyer leverage is low (28/100; U.S.: 54): homes sell for about 7.0% below their final list price; 0% of listings had a price cut (U.S.: 26%).
- Disaster risk. FEMA expects about $88 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 Baraga County, MI
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| L'' Anse, MI 49946 | $179K | +15.9% | 62 |
| Baraga, MI 49908 | $173.2K | +12.1% | 33 |
| Michigamme, MI 49861 | $234.9K | +15.3% | 49 |
| Skanee, MI 49962 | – | – | 56 |
| Watton, MI 49970 | – | – | 60 |