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ITHACA, MI 48847

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

Market Analysis

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

The ITHACA, MI real estate market (48847) currently shows 17 active listings, with 6 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 73 days on market compared to 23 days last year.

The median listing price has risen 26.5% year-over-year, from $197,000 to $249,250.

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Market Context

Market Context

Population: 5,599  ·  Density: 18.0/mi²  ·  Median household income: $61,809

Typical home value: $144,768  ·  Homeownership: 79.4%

Market Overview

Active Listings
17
⇩ 15% vs 20 last year
Pending
6
35% pending ratio
Median Price
$249,250
⇧ 26.5% vs $197,000 last year
Average Price
$290,050
⇧ 24.9% vs $232,145 last year
Days on Market
73
⇧ 217.4% vs 23 days last year

Price Per Square Foot

Median $/sqft
$155
⇧ 34.8% vs $115/sqft last year
Median Home Size
1,488 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 20 last year
  • Days on market: 73 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $249,250 (+26.5% YoY)
  • Average: $290,050 (+24.9% 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
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 21.2 miles — 163 listings ($43,356,571 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48847Ithaca, MI 488470.0 mi10$2,327,700$184,500$232,770
48801Alma, MI 488018.9 mi46$11,279,936$211,000$245,216
48889Sumner, MI 4888911.1 mi0$0$355,900$355,900
48615Breckenridge, MI 4861511.9 mi9$2,048,499$162,500$227,611
48880Saint Louis, MI 4888012.9 mi16$2,543,776$140,100$158,986
48614Brant, MI 4861414.0 mi1$175,000$175,000$175,000
48811Carson City, MI 4881115.3 mi4$748,932$214,925$187,233
48637Merrill, MI 4863715.7 mi3$464,700$154,900$154,900
48818Crystal, MI 4881816.1 mi4$646,000$161,500$161,500
48879Saint Johns, MI 4887918.3 mi47$16,795,262$367,400$357,346
48891Vestaburg, MI 4889119.0 mi6$1,709,280$230,000$284,880
48649Oakley, MI 4864919.8 mi2$993,666$492,000$496,833
48655Saint Charles, MI 4865521.2 mi15$3,623,820$237,400$241,588

Frequently Asked Questions

How many homes are for sale in ITHACA, MI 48847?

As of September 2026, there are 17 active listings in ITHACA, MI (zip code 48847), compared to 20 the prior year.

What is the median home price in ITHACA, MI 48847?

The median listing price in ITHACA, MI 48847 is $249,250 as of September 2026, a 26.5% increase from $197,000 the prior year.

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

Homes in ITHACA, MI 48847 spend an average of 73 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in ITHACA, MI 48847?

Based on current inventory and days-on-market data as of September 2026, ITHACA, MI 48847 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 73 days on market compared to 23 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ITHACA, MI 48847 save an estimated $4,985 compared to a typical 5% commission on the median listing price of $249,250. 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.