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City / Town Overview

Grayling, MI

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The Grayling, MI real estate market currently shows 81 active listings, with 24 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55 days on market compared to 41 days last year.

The median listing price has fallen 2% year-over-year, from $303,425 to $297,475.

Whether you are buying or selling in Grayling, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 9,567  ·  Density: 11.1/mi²  ·  Median household income: $57,120

Typical home value: $144,229  ·  Homeownership: 79.6%

Included Areas

Grayling: 49738, 49739

Area Map

Market Overview

Active Listings
81
⇧ 55.8% vs 52 last year
Pending
24
30% pending ratio
Median Price
$297,475
⇩ 2% vs $303,425 last year
Average Price
$364,096
⇩ 10% vs $404,355 last year
Days on Market
55
⇧ 34.1% vs 41 days last year

Price Per Square Foot

Median $/sqft
$189
⇩ 4.5% vs $198/sqft last year
Median Home Size
1,420 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %