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COLON, MI 49040

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

Market Analysis

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

The COLON, MI real estate market (49040) currently shows 23 active listings, with 7 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 66 days on market compared to 112 days last year.

The median listing price has fallen 26.7% year-over-year, from $337,450 to $247,500.

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Market Context

Market Context

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

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

Market Overview

Active Listings
23
⇧ 130% vs 10 last year
Pending
7
30% pending ratio
Median Price
$247,500
⇩ 26.7% vs $337,450 last year
Average Price
$383,661
⇧ 16.2% vs $330,145 last year
Days on Market
66
⇩ 41.1% vs 112 days last year

Price Per Square Foot

Median $/sqft
$174
⇩ 22.3% vs $224/sqft last year
Median Home Size
1,610 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 10 last year
  • Days on market: 66 now vs 112 last year

Median & Average Pricing

Year over Year
  • Median: $247,500 (-26.7% YoY)
  • Average: $383,661 (+16.2% 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 21.4 miles — 154 listings ($55,732,377 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49040Colon, MI 490400.0 mi11$3,325,058$229,925$302,278
49089Sherwood, MI 490895.3 mi2$499,700$249,850$249,850
49030Burr Oak, MI 490307.8 mi3$1,768,800$599,900$589,600
49052Fulton, MI 4905210.2 mi1$40,900$40,900$40,900
49028Bronson, MI 4902811.2 mi17$5,050,751$277,475$297,103
49094Union City, MI 4909411.9 mi17$6,023,066$279,975$354,298
49051East Leroy, MI 4905115.4 mi5$2,069,165$390,500$413,833
49036Coldwater, MI 4903616.0 mi69$27,921,678$344,900$404,662
49029Burlington, MI 4902916.9 mi6$1,682,676$315,475$280,446
49034Climax, MI 4903418.2 mi4$1,127,600$281,900$281,900
49042Constantine, MI 4904219.5 mi10$3,604,910$364,950$360,491
49092Tekonsha, MI 4909220.1 mi3$513,675$171,225$171,225
49033Ceresco, MI 4903321.4 mi6$2,104,398$306,250$350,733

Frequently Asked Questions

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

As of September 2026, there are 23 active listings in COLON, MI (zip code 49040), compared to 10 the prior year.

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

The median listing price in COLON, MI 49040 is $247,500 as of September 2026, a 26.7% decrease from $337,450 the prior year.

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

Homes in COLON, MI 49040 spend an average of 66 days on the market before going under contract, compared to 112 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 September 2026, COLON, MI 49040 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 66 days on market compared to 112 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 $4,950 compared to a typical 5% commission on the median listing price of $247,500. 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.