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RAY, MI 48096

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The RAY, MI real estate market (48096) currently shows 15 active listings, with 5 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 24 days last year.

The median listing price has risen 72.6% year-over-year, from $425,000 to $733,575.

Whether you are buying or selling in RAY, 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: 3,780  ·  Density: 40.0/mi²  ·  Median household income: $115,507

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

Market Overview

Active Listings
15
⇧ 114.3% vs 7 last year
Pending
5
33% pending ratio
Median Price
$733,575
⇧ 72.6% vs $425,000 last year
Average Price
$817,134
⇧ 72% vs $475,000 last year
Days on Market
41
⇧ 70.8% vs 24 days last year

Price Per Square Foot

Median $/sqft
$257
⇧ 7.5% vs $239/sqft last year
Median Home Size
2,901 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 7 last year
  • Days on market: 41 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $733,575 (+72.6% YoY)
  • Average: $817,134 (+72% 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 June 2026, there are 15 active listings in RAY, MI (zip code 48096), compared to 7 the prior year.

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

The median listing price in RAY, MI 48096 is $733,575 as of June 2026, a 72.6% increase from $425,000 the prior year.

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

Homes in RAY, MI 48096 spend an average of 41 days on the market before going under contract, compared to 24 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 June 2026, RAY, MI 48096 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 24 days last year.

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 $14,672 compared to a typical 5% commission on the median listing price of $733,575. 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.