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PERRY, MI 48872

Real Estate Market Report  ·  Shiawassee County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PERRY, MI real estate market (48872) currently shows 20 active listings, with 11 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 63 days on market compared to 53 days last year.

The median listing price has risen 17.1% year-over-year, from $313,800 to $367,450.

Whether you are buying or selling in PERRY, 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 Context

Market Context

Population: 6,241  ·  Density: 43.4/mi²  ·  Median household income: $73,669

Typical home value: $202,832  ·  Homeownership: 81.3%

Market Overview

Active Listings
20
⇩ 4.8% vs 21 last year
Pending
11
55% pending ratio
Median Price
$367,450
⇧ 17.1% vs $313,800 last year
Average Price
$413,205
⇧ 33.4% vs $309,682 last year
Days on Market
63
⇧ 18.9% vs 53 days last year

Price Per Square Foot

Median $/sqft
$194
⇧ 2.6% vs $189/sqft last year
Median Home Size
2,053 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 21 last year
  • Days on market: 63 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $367,450 (+17.1% YoY)
  • Average: $413,205 (+33.4% 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 18.8 miles — 543 listings ($178,662,524 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48872Perry, MI 488720.0 mi19$7,719,871$394,475$406,309
48840Haslett, MI 488408.0 mi30$16,685,670$437,400$556,189
48895Williamston, MI 488958.3 mi21$9,894,549$363,375$471,169
48892Webberville, MI 4889211.6 mi14$3,842,888$202,500$274,492
48864Okemos, MI 4886411.8 mi48$27,540,240$549,900$573,755
48823East Lansing, MI 4882312.2 mi84$34,659,996$313,975$412,619
48429Durand, MI 4842913.1 mi20$3,210,220$164,500$160,511
48867Owosso, MI 4886714.2 mi72$16,858,728$212,375$234,149
48912Lansing, MI 4891216.0 mi63$7,869,834$96,250$124,918
48855Howell, MI 4885517.4 mi64$30,925,696$396,815$483,214
48933Lansing, MI 4893317.8 mi8$1,246,968$129,900$155,871
48436Gaines, MI 4843618.0 mi4$1,099,800$274,950$274,950
48906Lansing, MI 4890618.8 mi96$17,108,064$132,425$178,209

Frequently Asked Questions

How many homes are for sale in PERRY, MI 48872?

As of March 2026, there are 20 active listings in PERRY, MI (zip code 48872), compared to 21 the prior year.

What is the median home price in PERRY, MI 48872?

The median listing price in PERRY, MI 48872 is $367,450 as of March 2026, a 17.1% increase from $313,800 the prior year.

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

Homes in PERRY, MI 48872 spend an average of 63 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in PERRY, MI 48872?

Based on current inventory and days-on-market data as of March 2026, PERRY, MI 48872 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 63 days on market compared to 53 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PERRY, MI 48872 save an estimated $7,349 compared to a typical 5% commission on the median listing price of $367,450. 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.