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BANNISTER, MI 48807

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

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$229,900
⇧ 70.3% vs $135,000 last year
Average Price
$229,900
⇧ 70.3% vs $135,000 last year
Days on Market
20
⇩ 74% vs 77 days last year

Market Context

Population: 787  ·  Density: 11.8/mi²  ·  Median household income: $58,333

Typical home value: $95,379  ·  Homeownership: 88.2%

Market Analysis

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

The BANNISTER, MI real estate market (48807) currently shows 2 active listings, with 1 pending sales. Homes are averaging 20 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 20 days on market compared to 77 days last year.

The median listing price has risen 70.3% year-over-year, from $135,000 to $229,900.

Whether you are buying or selling in BANNISTER, 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: 2 this year vs 1 last year
  • Days on market: 20 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $229,900 (+70.3% YoY)
  • Average: $229,900 (+70.3% 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 22.2 miles — 153 listings ($48,480,422 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48807Bannister, MI 488070.0 mi2$459,800$229,900$229,900
48806Ashley, MI 488065.1 mi1$219,900$219,900$219,900
48649Oakley, MI 486499.6 mi5$1,688,400$364,500$337,680
48866Ovid, MI 4886611.2 mi12$2,844,288$258,222$237,024
48879Saint Johns, MI 4887913.4 mi42$14,595,126$330,000$347,503
48853Maple Rapids, MI 4885314.7 mi3$412,500$124,000$137,500
48616Chesaning, MI 4861615.1 mi17$4,955,653$219,900$291,509
48856Middleton, MI 4885617.0 mi1$235,000$235,000$235,000
48637Merrill, MI 4863718.5 mi3$464,700$154,900$154,900
48835Fowler, MI 4883519.1 mi4$1,158,532$265,000$289,633
48626Hemlock, MI 4862620.7 mi16$6,330,128$267,500$395,633
48817Corunna, MI 4881720.8 mi15$2,838,795$167,500$189,253
48820Dewitt, MI 4882022.2 mi32$12,277,600$330,000$383,675

Frequently Asked Questions

How many homes are for sale in BANNISTER, MI 48807?

As of January 2026, there are 2 active listings in BANNISTER, MI (zip code 48807), compared to 1 the prior year.

What is the median home price in BANNISTER, MI 48807?

The median listing price in BANNISTER, MI 48807 is $229,900 as of January 2026, a 70.3% increase from $135,000 the prior year.

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

Homes in BANNISTER, MI 48807 spend an average of 20 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in BANNISTER, MI 48807?

Based on current inventory and days-on-market data as of January 2026, BANNISTER, MI 48807 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 20 days on market compared to 77 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BANNISTER, MI 48807 save an estimated $4,598 compared to a typical 5% commission on the median listing price of $229,900. 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.