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HOPE, MI 48628

Real Estate Market Report  ·  Midland County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇩ 45.5% vs 11 last year
Pending
2
33% pending ratio
Median Price
$221,450
⇩ 36.3% vs $347,450 last year
Average Price
$297,975
⇩ 18.7% vs $366,514 last year
Days on Market
91
⇧ 26.4% vs 72 days last year

Market Context

Population: 1,958  ·  Density: 22.2/mi²  ·  Median household income: $83,333

Typical home value: $170,753  ·  Homeownership: 94.7%

Market Analysis

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

The HOPE, MI real estate market (48628) currently shows 6 active listings, with 2 pending sales. Homes are averaging 91 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 91 days on market compared to 72 days last year.

The median listing price has fallen 36.3% year-over-year, from $347,450 to $221,450.

Whether you are buying or selling in HOPE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 11 last year
  • Days on market: 91 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $221,450 (-36.3% YoY)
  • Average: $297,975 (-18.7% 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 26.1 miles — 418 listings ($123,489,129 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48628Hope, MI 486280.0 mi6$1,787,850$221,450$297,975
48642Midland, MI 486427.6 mi58$23,899,538$369,000$412,061
48618Coleman, MI 4861811.9 mi12$3,728,040$270,000$310,670
48634Linwood, MI 4863413.8 mi7$1,382,080$219,900$197,440
48611Auburn, MI 4861115.7 mi14$3,872,246$224,900$276,589
48631Kawkawlin, MI 4863117.7 mi7$1,656,697$259,900$236,671
48624Gladwin, MI 4862420.2 mi62$19,384,858$234,461$312,659
48706Bay City, MI 4870622.5 mi110$31,869,640$239,900$289,724
48883Shepherd, MI 4888323.7 mi15$4,168,080$249,000$277,872
48659Sterling, MI 4865924.1 mi6$2,075,700$249,900$345,950
48637Merrill, MI 4863725.3 mi3$464,700$154,900$154,900
48880Saint Louis, MI 4888025.5 mi18$2,607,300$130,500$144,850
48858Mount Pleasant, MI 4885826.1 mi100$26,592,400$231,500$265,924

Frequently Asked Questions

How many homes are for sale in HOPE, MI 48628?

As of January 2026, there are 6 active listings in HOPE, MI (zip code 48628), compared to 11 the prior year.

What is the median home price in HOPE, MI 48628?

The median listing price in HOPE, MI 48628 is $221,450 as of January 2026, a 36.3% decrease from $347,450 the prior year.

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

Homes in HOPE, MI 48628 spend an average of 91 days on the market before going under contract, compared to 72 days the prior year.

Is it a seller's or buyer's market in HOPE, MI 48628?

Based on current inventory and days-on-market data as of January 2026, HOPE, MI 48628 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 91 days on market compared to 72 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HOPE, MI 48628 save an estimated $4,429 compared to a typical 5% commission on the median listing price of $221,450. 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.