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LUDINGTON, MI 49431

Real Estate Market Report  ·  Mason County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
48
⇧ 33.3% vs 36 last year
Pending
8
17% pending ratio
Median Price
$345,000
⇩ 6% vs $366,975 last year
Average Price
$432,409
⇩ 3% vs $445,729 last year
Days on Market
88
⇩ 19.3% vs 109 days last year

Market Context

Population: 17,121  ·  Density: 68.8/mi²  ·  Median household income: $62,715

Typical home value: $197,316  ·  Homeownership: 73.1%

Market Analysis

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

The LUDINGTON, MI real estate market (49431) currently shows 48 active listings, with 8 pending sales. Homes are averaging 88 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are selling faster, averaging 88 days on market compared to 109 days last year.

The median listing price has fallen 6% year-over-year, from $366,975 to $345,000.

Whether you are buying or selling in LUDINGTON, 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: 48 this year vs 36 last year
  • Days on market: 88 now vs 109 last year

Median & Average Pricing

Year over Year
  • Median: $345,000 (-6% YoY)
  • Average: $432,409 (-3% 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 35.2 miles — 204 listings ($89,652,508 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49431Ludington, MI 494310.0 mi48$20,755,632$345,000$432,409
49405Custer, MI 4940511.2 mi6$1,595,178$257,450$265,863
49449Pentwater, MI 4944912.0 mi12$6,758,340$415,000$563,195
49402Branch, MI 4940218.3 mi7$3,467,800$599,000$495,400
49626Eastlake, MI 4962619.4 mi3$1,089,801$349,900$363,267
49436Mears, MI 4943620.4 mi16$12,744,320$387,500$796,520
49455Shelby, MI 4945525.1 mi23$6,621,263$214,000$287,881
49304Baldwin, MI 4930426.4 mi36$16,631,028$222,400$461,973
49689Wellston, MI 4968929.1 mi10$1,670,560$179,900$167,056
49309Bitely, MI 4930929.8 mi9$2,206,674$169,500$245,186
49421Hesperia, MI 4942130.7 mi20$5,880,880$239,900$294,044
49452Rothbury, MI 4945232.5 mi6$1,837,200$349,950$306,200
49656Luther, MI 4965635.2 mi8$8,393,832$220,000$1,049,229

Frequently Asked Questions

How many homes are for sale in LUDINGTON, MI 49431?

As of January 2026, there are 48 active listings in LUDINGTON, MI (zip code 49431), compared to 36 the prior year.

What is the median home price in LUDINGTON, MI 49431?

The median listing price in LUDINGTON, MI 49431 is $345,000 as of January 2026, a 6% decrease from $366,975 the prior year.

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

Homes in LUDINGTON, MI 49431 spend an average of 88 days on the market before going under contract, compared to 109 days the prior year.

Is it a seller's or buyer's market in LUDINGTON, MI 49431?

Based on current inventory and days-on-market data as of January 2026, LUDINGTON, MI 49431 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are selling faster, averaging 88 days on market compared to 109 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LUDINGTON, MI 49431 save an estimated $6,900 compared to a typical 5% commission on the median listing price of $345,000. 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.