Call or Text (240) SELL-123

ELKTON, MI 48731

Real Estate Market Report  ·  Huron County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ELKTON, MI real estate market (48731) currently shows 4 active listings, with 1 pending sales. Homes are averaging 85 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 taking longer to sell, averaging 85 days on market compared to 47 days last year.

The median listing price has fallen 30.6% year-over-year, from $244,750 to $169,950.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for ELKTON, MI 48731 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
4
⇧ 33.3% vs 3 last year
Pending
1
25% pending ratio
Median Price
$169,950
⇩ 30.6% vs $244,750 last year
Average Price
$151,725
⇩ 38% vs $244,750 last year
Days on Market
85
⇧ 80.9% vs 47 days last year

Price Per Square Foot

Median $/sqft
$109
⇩ 19.9% vs $136/sqft last year
Median Home Size
1,650 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 3 last year
  • Days on market: 85 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $169,950 (-30.6% YoY)
  • Average: $151,725 (-38% 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 30.1 miles — 123 listings ($33,466,689 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48731Elkton, MI 487310.0 mi4$621,900$172,450$155,475
48725Caseville, MI 487257.2 mi15$5,105,745$276,725$340,383
48413Bad Axe, MI 484138.4 mi30$6,226,230$178,900$207,541
48432Filion, MI 484329.8 mi2$372,900$186,450$186,450
48759Sebewaing, MI 4875914.1 mi15$2,372,100$149,000$158,140
48726Cass City, MI 4872616.0 mi19$3,717,768$163,900$195,672
48468Port Hope, MI 4846819.6 mi6$1,915,800$233,000$319,300
48441Harbor Beach, MI 4844122.1 mi12$6,460,416$198,675$538,368
48729Deford, MI 4872923.7 mi4$770,432$187,525$192,608
48701Akron, MI 4870126.1 mi4$783,868$198,000$195,967
48465Palms, MI 4846527.2 mi3$1,549,500$558,500$516,500
48434Forestville, MI 4843429.9 mi1$81,950$81,950$81,950
48427Deckerville, MI 4842730.1 mi8$3,488,080$381,000$436,010

Frequently Asked Questions

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

As of March 2026, there are 4 active listings in ELKTON, MI (zip code 48731), compared to 3 the prior year.

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

The median listing price in ELKTON, MI 48731 is $169,950 as of March 2026, a 30.6% decrease from $244,750 the prior year.

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

Homes in ELKTON, MI 48731 spend an average of 85 days on the market before going under contract, compared to 47 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 March 2026, ELKTON, MI 48731 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 47 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 $3,399 compared to a typical 5% commission on the median listing price of $169,950. 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.