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Sarah Mitchell
Compass Real Estate · ZIP 49686
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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49686 ZIP Code Housing Market
$375,000median sale price
What is the 49686 housing market like right now?
The median home sale price in ZIP code 49686 is $375,000, down 8.3% year-over-year. Homes sell in an average of 65 days with 177 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 49686 ZIP code a buyer's or seller's market?
ZIP code 49686 is currently a leaning buyer's and homes selling in about 65 days. How we determine this →
What are the latest 49686 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $375,000 |
| Median list price | $442,000 |
| Year-over-year price change | -8.3% |
| Average days on market | 65 days |
| Active inventory | 177 listings |
| Sale-to-list price ratio | 98.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 49686 zip code, located in Greilickville, MI, is currently classified as a leaning buyer's. The median sale price stands at $375,000, representing a -8.3% change year over year. Homes in this area spend an average of 65 days on the market before going under contract. There are currently 177 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 49686 sits in the Greilickville, MI area, roughly 7.1 miles from downtown Greilickville. Because home prices are set street by street, this ZIP can move differently from Greilickville's citywide averages. The figures below reflect 49686 specifically — drawn from Redfin transactions, U.S. Census data for its 25,492 residents, and Zillow value estimates.
Homes sold
109
Last 12 weeks
Days on market
65
Average pace
Active listings
177
Sale-to-list
98.4%
Below asking
What is driving the 49686 housing market?
The 49686 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 49686 have declined -8.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 49686 stands at $407,145, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,013 per month. This gives a price-to-rent ratio of approximately 16.9, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 49686?
Population
25,492
Median income
$71,609/yr
Median age
47.5 years
Owner-occupied
72.5%
College grads
46.3%
Avg commute
16.33 min
What is it like living in 49686?
Zip code 49686 is home to approximately 25,492 residents. The median household income is $71,609 per year, which shapes the types of homes and amenities available in the area. With a median age of 47.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 72.5% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 46.3% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 16.33 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 49686.
Which public schools serve ZIP 49686?
10 schools tracked · 3,372 students
The largest public schools serving ZIP code 49686 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Central High School
Grades 8-12 · 1,324 students
Grand Traverse Academy
Grades PK-12 · 798 students
Eastern Elementary School
Grades PK-5 · 480 students
Traverse Heights Elem School
Grades PK-5 · 276 students
Traverse City High School
Grades 9-12 · 149 students
Old Mission Peninsula School
Grades K-6 · 135 students
North EdNew Horizons
Grades PK-12 · 80 students
Life Skills Center
Grade range n/a · 70 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 49686
What is the median home price in 49686?
The current median sale price in 49686 is $375,000, based on recent Redfin transaction data. Prices have changed -8.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 49686 a buyer's or seller's market?
The 49686 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 49686?
Zip code 49686 has a population of approximately 25,492 residents. The median household income is $71,609 per year. About 72.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 49686?
Properties Incorporated provides comprehensive data for 49686 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 49686 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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