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ELKTON, MI 48731

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

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$175,000
⇩ 17.5% vs $212,000 last year
Average Price
$155,000
⇩ 26.9% vs $212,000 last year
Days on Market
40
⇩ 39.4% vs 66 days last year

Market Context

Population: 1,477  ·  Density: 11.7/mi²  ·  Median household income: $51,346

Typical home value: $98,405  ·  Homeownership: 74.0%

Market Analysis

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

The ELKTON, MI real estate market (48731) currently shows 3 active listings. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 66 days last year.

The median listing price has fallen 17.5% year-over-year, from $212,000 to $175,000.

Whether you are buying or selling in ELKTON, 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: 3 this year vs 2 last year
  • Days on market: 40 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $175,000 (-17.5% YoY)
  • Average: $155,000 (-26.9% 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 29.9 miles — 102 listings ($25,692,507 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48731Elkton, MI 487310.0 mi3$465,000$175,000$155,000
48725Caseville, MI 487257.2 mi13$4,550,910$264,450$350,070
48413Bad Axe, MI 484138.4 mi29$6,435,448$199,000$221,912
48432Filion, MI 484329.8 mi2$372,900$186,450$186,450
48759Sebewaing, MI 4875914.1 mi18$2,639,178$144,500$146,621
48726Cass City, MI 4872616.0 mi21$4,312,371$161,900$205,351
48468Port Hope, MI 4846819.6 mi5$1,708,800$259,000$341,760
48470Ruth, MI 4847021.1 mi1$188,000$188,000$188,000
48456Minden City, MI 4845623.1 mi1$3,178,000$3,178,000$3,178,000
48729Deford, MI 4872923.7 mi2$517,700$258,850$258,850
48701Akron, MI 4870126.1 mi4$622,800$159,900$155,700
48465Palms, MI 4846527.2 mi1$535,000$535,000$535,000
48434Forestville, MI 4843429.9 mi2$166,400$83,200$83,200

Frequently Asked Questions

How many homes are for sale in ELKTON, MI 48731?

As of January 2026, there are 3 active listings in ELKTON, MI (zip code 48731), compared to 2 the prior year.

What is the median home price in ELKTON, MI 48731?

The median listing price in ELKTON, MI 48731 is $175,000 as of January 2026, a 17.5% decrease from $212,000 the prior year.

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

Homes in ELKTON, MI 48731 spend an average of 40 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 ELKTON, MI 48731?

Based on current inventory and days-on-market data as of January 2026, ELKTON, MI 48731 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 66 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELKTON, MI 48731 save an estimated $3,500 compared to a typical 5% commission on the median listing price of $175,000. 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.