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Sarah Mitchell
Compass Real Estate · ZIP 49783
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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49783 ZIP Code Housing Market
$179,000median sale price
What is the 49783 housing market like right now?
The median home sale price in ZIP code 49783 is $179,000, down 10.2% year-over-year. Homes sell in an average of 68 days with 64 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 49783 ZIP code a buyer's or seller's market?
ZIP code 49783 is currently a leaning buyer's and homes selling in about 68 days. How we determine this →
What are the latest 49783 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $179,000 |
| Median list price | $198,500 |
| Year-over-year price change | -10.2% |
| Average days on market | 68 days |
| Active inventory | 64 listings |
| Sale-to-list price ratio | 97.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 49783 zip code, located in Sault Ste Marie, MI, is currently classified as a leaning buyer's. The median sale price stands at $179,000, representing a -10.2% change year over year. Homes in this area spend an average of 68 days on the market before going under contract. There are currently 64 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 49783 sits in the Sault Ste Marie, MI area, roughly 5.6 miles from downtown Sault Ste Marie. Because home prices are set street by street, this ZIP can move differently from Sault Ste Marie's citywide averages. The figures below reflect 49783 specifically — drawn from Redfin transactions, U.S. Census data for its 18,681 residents, and Zillow value estimates.
Homes sold
51
Last 12 weeks
Days on market
68
Average pace
Active listings
64
Sale-to-list
97.7%
Below asking
What is driving the 49783 housing market?
The 49783 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 97.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 49783 have declined -10.2% 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 49783 stands at $200,357, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,950 per month. This gives a price-to-rent ratio of approximately 8.6, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 49783?
Population
18,681
Median income
$60,658/yr
Median age
37.8 years
Owner-occupied
67.2%
College grads
27.1%
Avg commute
15.77 min
What is it like living in 49783?
Zip code 49783 is home to approximately 18,681 residents. The median household income is $60,658 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 67.2% 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 27.1% 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 15.77 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 49783.
Which public schools serve ZIP 49783?
10 schools tracked · 2,976 students
The largest public schools serving ZIP code 49783 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.
Sault Area High School
Grades 8-12 · 734 students
Joseph K Lumsden Bahweting Anishnabe Academy
Grades PK-8 · 597 students
Sault Area Middle School
Grades 5-9 · 498 students
Joseph K. Lumsden Bahweting Anishnabe School
Grades K-12 · 385 students
Lincoln School
Grades PK-7 · 350 students
Washington Elementary School
Grades K-1 · 227 students
Lake Superior Academy
Grades K-5 · 91 students
Malcolm High School
Grades 9-12 · 89 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 49783
What is the median home price in 49783?
The current median sale price in 49783 is $179,000, based on recent Redfin transaction data. Prices have changed -10.2% 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 49783 a buyer's or seller's market?
The 49783 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 49783?
Zip code 49783 has a population of approximately 18,681 residents. The median household income is $60,658 per year. About 67.2% 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 49783?
Properties Incorporated provides comprehensive data for 49783 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 49783 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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