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COLON, MI 49040

Real Estate Market Report  ·  Saint Joseph County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇧ 28.6% vs 7 last year
Pending
1
11% pending ratio
Median Price
$274,950
⇧ 34.6% vs $204,225 last year
Average Price
$321,163
⇧ 27.5% vs $251,840 last year
Days on Market
94
⇧ 17.5% vs 80 days last year

Market Context

Population: 3,436  ·  Density: 32.2/mi²  ·  Median household income: $56,048

Typical home value: $135,113  ·  Homeownership: 82.1%

Market Analysis

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

The COLON, MI real estate market (49040) currently shows 9 active listings, with 1 pending sales. Homes are averaging 94 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 94 days on market compared to 80 days last year.

The median listing price has risen 34.6% year-over-year, from $204,225 to $274,950.

Whether you are buying or selling in COLON, 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: 9 this year vs 7 last year
  • Days on market: 94 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $274,950 (+34.6% YoY)
  • Average: $321,163 (+27.5% 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 21.4 miles — 231 listings ($85,942,601 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49040Colon, MI 490400.0 mi9$2,890,467$274,950$321,163
49089Sherwood, MI 490895.3 mi1$280,000$280,000$280,000
49072Mendon, MI 490727.5 mi7$1,788,199$195,000$255,457
49032Centreville, MI 4903210.1 mi6$2,225,598$397,900$370,933
49011Athens, MI 4901110.6 mi5$1,156,665$205,000$231,333
49091Sturgis, MI 4909111.7 mi43$12,924,123$247,500$300,561
49097Vicksburg, MI 4909713.2 mi30$13,311,450$319,950$443,715
49088Scotts, MI 4908815.9 mi8$3,371,736$354,950$421,467
49093Three Rivers, MI 4909316.6 mi53$17,814,678$257,000$336,126
46746Howe, IN 4674617.0 mi9$3,089,700$315,000$343,300
46776Orland, IN 4677618.4 mi3$824,850$274,950$274,950
49002Portage, MI 4900219.9 mi45$21,190,635$359,000$470,903
49087Schoolcraft, MI 4908721.4 mi12$5,074,500$421,250$422,875

Frequently Asked Questions

How many homes are for sale in COLON, MI 49040?

As of January 2026, there are 9 active listings in COLON, MI (zip code 49040), compared to 7 the prior year.

What is the median home price in COLON, MI 49040?

The median listing price in COLON, MI 49040 is $274,950 as of January 2026, a 34.6% increase from $204,225 the prior year.

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

Homes in COLON, MI 49040 spend an average of 94 days on the market before going under contract, compared to 80 days the prior year.

Is it a seller's or buyer's market in COLON, MI 49040?

Based on current inventory and days-on-market data as of January 2026, COLON, MI 49040 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 94 days on market compared to 80 days last year.

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

With SELL123.com's maximum 3% commission, sellers in COLON, MI 49040 save an estimated $5,499 compared to a typical 5% commission on the median listing price of $274,950. 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.