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RAY, MI 48096

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The RAY, MI real estate market (48096) currently shows 21 active listings, with 5 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

The median listing price has risen 11.3% year-over-year, from $684,950 to $762,400.

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Market Context

Market Context

Population: 3,780  ·  Density: 40.0/mi²  ·  Median household income: $115,507

Typical home value: $383,322  ·  Homeownership: 80.3%

Market Overview

Active Listings
21
⇧ 425% vs 4 last year
Pending
5
24% pending ratio
Median Price
$762,400
⇧ 11.3% vs $684,950 last year
Average Price
$920,851
⇧ 47.2% vs $625,767 last year
Days on Market
29
— vs 29 days last year

Price Per Square Foot

Median $/sqft
$256
⇩ 4.8% vs $269/sqft last year
Median Home Size
3,113 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 4 last year
  • Days on market: 29 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $762,400 (+11.3% YoY)
  • Average: $920,851 (+47.2% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.6 miles — 547 listings ($376,255,929 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48096Ray, MI 480960.0 mi9$8,628,561$774,625$958,729
48095Washington, MI 480956.1 mi30$43,243,440$873,248$1,441,448
48094Washington, MI 480946.2 mi53$46,524,460$856,200$877,820
48048New Haven, MI 480486.5 mi17$6,183,104$352,496$363,712
48315Utica, MI 483157.3 mi93$64,079,604$634,666$689,028
48065Romeo, MI 480658.4 mi39$34,399,872$657,945$882,048
48062Richmond, MI 480628.6 mi27$11,144,925$365,000$412,775
48317Utica, MI 4831710.4 mi48$15,217,200$287,425$317,025
48043Mount Clemens, MI 4804311.5 mi33$7,504,134$227,450$227,398
48313Sterling Heights, MI 4831311.9 mi58$16,322,882$285,000$281,429
48363Oakland, MI 4836312.3 mi29$50,268,687$1,491,250$1,733,403
48307Rochester, MI 4830712.5 mi91$55,127,800$443,750$605,800
48367Leonard, MI 4836712.6 mi20$17,611,260$641,975$880,563

Frequently Asked Questions

How many homes are for sale in RAY, MI 48096?

As of September 2026, there are 21 active listings in RAY, MI (zip code 48096), compared to 4 the prior year.

What is the median home price in RAY, MI 48096?

The median listing price in RAY, MI 48096 is $762,400 as of September 2026, a 11.3% increase from $684,950 the prior year.

How long do homes stay on the market in RAY, MI?

Homes in RAY, MI 48096 spend an average of 29 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in RAY, MI 48096?

Based on current inventory and days-on-market data as of September 2026, RAY, MI 48096 is currently a Balanced Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

How much can I save on real estate commission in RAY, MI?

With SELL123.com's maximum 3% commission, sellers in RAY, MI 48096 save an estimated $15,248 compared to a typical 5% commission on the median listing price of $762,400. 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.