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MICHIGAN CITY, MS 38647

Real Estate Market Report  ·  Benton County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
1
25% pending ratio
Median Price
$469,999
⇩ 4.6% vs $492,500 last year
Average Price
$495,000
⇧ 0.5% vs $492,500 last year
Days on Market
120
⇧ 81.8% vs 66 days last year

Market Context

Population: 767  ·  Density: 4.4/mi²  ·  Median household income: $25,125

Typical home value: $78,720  ·  Homeownership: 62.8%

Market Analysis

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

The MICHIGAN CITY, MS real estate market (38647) currently shows 4 active listings, with 1 pending sales. Homes are averaging 120 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 120 days on market compared to 66 days last year.

The median listing price has fallen 4.6% year-over-year, from $492,500 to $469,999.

Whether you are buying or selling in MICHIGAN CITY, MS, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 120 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $469,999 (-4.6% YoY)
  • Average: $495,000 (+0.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.7 miles — 632 listings ($375,517,205 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38647Michigan City, MS 386470.0 mi4$1,980,000$469,999$495,000
38642Lamar, MS 386427.4 mi4$1,370,668$430,000$342,667
38057Moscow, TN 3805710.8 mi6$2,157,798$269,000$359,633
38042Hickory Valley, TN 3804214.0 mi3$329,700$109,900$109,900
38076Williston, TN 3807617.6 mi7$17,132,500$517,000$2,447,500
38052Middleton, TN 3805219.3 mi12$3,320,160$229,950$276,680
38066Rossville, TN 3806619.9 mi34$28,518,486$613,951$838,779
38683Walnut, MS 3868320.3 mi6$1,174,350$183,450$195,725
38633Hickory Flat, MS 3863321.9 mi3$615,900$185,900$205,300
38663Ripley, MS 3866323.6 mi18$6,329,826$243,450$351,657
38060Oakland, TN 3806023.9 mi135$55,105,920$399,000$408,192
38017Collierville, TN 3801725.8 mi319$222,567,576$599,900$697,704
38611Byhalia, MS 3861126.7 mi81$34,914,321$373,800$431,041

Frequently Asked Questions

How many homes are for sale in MICHIGAN CITY, MS 38647?

As of January 2026, there are 4 active listings in MICHIGAN CITY, MS (zip code 38647), compared to 2 the prior year.

What is the median home price in MICHIGAN CITY, MS 38647?

The median listing price in MICHIGAN CITY, MS 38647 is $469,999 as of January 2026, a 4.6% decrease from $492,500 the prior year.

How long do homes stay on the market in MICHIGAN CITY, MS?

Homes in MICHIGAN CITY, MS 38647 spend an average of 120 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in MICHIGAN CITY, MS 38647?

Based on current inventory and days-on-market data as of January 2026, MICHIGAN CITY, MS 38647 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 120 days on market compared to 66 days last year.

How much can I save on real estate commission in MICHIGAN CITY, MS?

With SELL123.com's maximum 3% commission, sellers in MICHIGAN CITY, MS 38647 save an estimated $9,400 compared to a typical 5% commission on the median listing price of $469,999. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.