Call or Text (240) SELL-123

ELSIE, MI 48831

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

Market Analysis

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

The ELSIE, MI real estate market (48831) currently shows 7 active listings, with 3 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 92 days on market compared to 61 days last year.

The median listing price has fallen 25.2% year-over-year, from $229,000 to $171,200.

Whether you are buying or selling in ELSIE, 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 ELSIE, MI 48831 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 3,307  ·  Density: 17.5/mi²  ·  Median household income: $60,395

Typical home value: $142,730  ·  Homeownership: 88.8%

Market Overview

Active Listings
7
⇧ 40% vs 5 last year
Pending
3
43% pending ratio
Median Price
$171,200
⇩ 25.2% vs $229,000 last year
Average Price
$206,683
⇩ 9.7% vs $229,000 last year
Days on Market
92
⇧ 50.8% vs 61 days last year

Price Per Square Foot

Median $/sqft
$112
⇩ 7.4% vs $121/sqft last year
Median Home Size
1,462 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 5 last year
  • Days on market: 92 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $171,200 (-25.2% YoY)
  • Average: $206,683 (-9.7% 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
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 22.3 miles — 174 listings ($56,107,322 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48831Elsie, MI 488310.0 mi9$1,964,403$236,150$218,267
48866Ovid, MI 488667.6 mi7$1,401,596$152,400$200,228
48614Brant, MI 4861410.9 mi1$175,000$175,000$175,000
48879Saint Johns, MI 4887912.3 mi47$16,795,262$367,400$357,346
48616Chesaning, MI 4861614.6 mi17$3,865,936$188,225$227,408
48847Ithaca, MI 4884715.5 mi10$2,327,700$184,500$232,770
48853Maple Rapids, MI 4885315.9 mi4$559,900$139,975$139,975
48817Corunna, MI 4881718.0 mi16$3,245,904$180,975$202,869
48808Bath, MI 4880819.5 mi14$6,960,170$428,975$497,155
48820Dewitt, MI 4882019.9 mi26$10,396,880$339,750$399,880
48662Wheeler, MI 4866220.8 mi1$230,000$230,000$230,000
48637Merrill, MI 4863721.7 mi3$464,700$154,900$154,900
48872Perry, MI 4887222.3 mi19$7,719,871$394,475$406,309

Frequently Asked Questions

How many homes are for sale in ELSIE, MI 48831?

As of March 2026, there are 7 active listings in ELSIE, MI (zip code 48831), compared to 5 the prior year.

What is the median home price in ELSIE, MI 48831?

The median listing price in ELSIE, MI 48831 is $171,200 as of March 2026, a 25.2% decrease from $229,000 the prior year.

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

Homes in ELSIE, MI 48831 spend an average of 92 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in ELSIE, MI 48831?

Based on current inventory and days-on-market data as of March 2026, ELSIE, MI 48831 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ELSIE, MI 48831 save an estimated $3,424 compared to a typical 5% commission on the median listing price of $171,200. 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.