New Listings in 49887, Michigan

Explore 7 active real estate listings in 49887, Michigan, including single-family homes, condos, waterfront, lots, vacant land, multi-family, and commercial properties for sale Prices range from $29,900 to $419,000.

7 listings in 49887, Michigan Refine Search Map View
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49887, Michigan Real Estate Market

Market data calculated 5/20/2026
7 Total Listings Menominee County: 78
$207,086 Average Price Menominee County: $258,196
$229,900 Median Price Menominee County: $182,400
$131 Price / Sq Ft Menominee County: $132
228 days Days on Market Menominee County: 133 days
Current Market Condition Buyer's Market (More Negotiating Power)

Based on an average of 227 days on market.

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About 49887, Michigan

Stephenson is a small city in western Menominee County along the Menominee River, offering affordable real estate in a peaceful rural setting. The community serves as a hub for the surrounding agricultural and forestry region, with access to excellent fishing on the Menominee River and recreational opportunities in the surrounding countryside. Stephenson is ideal for buyers seeking affordable Upper Peninsula living with a quiet, close-knit community atmosphere.

Frequently Asked Questions

How many homes are for sale in 49887, Michigan?
There are currently 7 properties listed for sale in 49887, Michigan.
What is the median home price in 49887, Michigan?
The median listing price in 49887, Michigan is $229,900.
What is the average home price in 49887, Michigan?
The average listing price in 49887, Michigan is $207,086.
How long do homes stay on the market in 49887, Michigan?
Properties in 49887, Michigan stay on the market for an average of 227 days before selling.
What types of properties are available in 49887, Michigan?
Properties currently listed in 49887, Michigan include: Single-Family Homes, Commercial Properties, Vacant Land / Lots.
What is the average price per square foot for homes in 49887, Michigan?
The average price per square foot for homes listed in 49887, Michigan is $131.
What is the price range for homes for sale in 49887, Michigan?
Homes for sale in 49887, Michigan are currently priced from $29,900 to $419,000.
How do home prices in 49887, Michigan compare to Menominee County?
The average listing price in 49887, Michigan is $207,086, compared to $258,196 for all of Menominee County — below the county average.
Is 49887, Michigan a buyer's or seller's market?
Based on current days on market (227 days on average), 49887, Michigan is considered a Buyer's Market (More Negotiating Power). Longer listing times give buyers more room to negotiate on price and terms.