Marquette, MI metro area Housing Market
Cool MarketComprehensive housing market data for the Marquette, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$225K
↓ 6.8% YoY
Days on Market
59 days
↑ 15.7% YoY
Active Inventory
98
↓ 33.8% YoY
Homes Sold
33
↓ 25.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Marquette, MI metro area Market Summary
The Marquette, MI metro area housing market is cooling down. As of January 2026, the median home sale price is $225K, down 6.8% year-over-year. Homes are spending a median of 59 days on the market, 15.7% longer than a year ago.
There are 98 homes for sale — 33.8% fewer than last year. With 3.0 months of supply, this is a seller's market. 29 new listings were added during this period, down 32.6% year-over-year.
Homes are selling for 99.0% of their list price on average, suggesting room for negotiation. 30.3% of homes sell above their asking price. 13.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
65
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 47% below the national median, which could indicate stronger cash flow potential.
Marquette, MI metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$250K
Price per Sq Ft
$184
Sale-to-List Ratio
99.0%
Months of Supply
3.0
Sold Above List
30.3%
Price Drops
13.3%
New Listings
29
↓ 32.6% YoY
Pending Sales
34
Off Market in 2 Weeks
14.7%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.