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LUDINGTON, MI 49431

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

Market Analysis

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

The LUDINGTON, MI real estate market (49431) currently shows 54 active listings, with 13 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are selling faster, averaging 74 days on market compared to 113 days last year.

The median listing price has fallen 10.8% year-over-year, from $405,000 to $361,250.

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 Context

Market Context

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

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

Market Overview

Active Listings
54
⇧ 54.3% vs 35 last year
Pending
13
24% pending ratio
Median Price
$361,250
⇩ 10.8% vs $405,000 last year
Average Price
$420,652
⇩ 4.1% vs $438,476 last year
Days on Market
74
⇩ 34.5% vs 113 days last year

Price Per Square Foot

Median $/sqft
$203
⇩ 8.6% vs $222/sqft last year
Median Home Size
1,767 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 35 last year
  • Days on market: 74 now vs 113 last year

Median & Average Pricing

Year over Year
  • Median: $361,250 (-10.8% YoY)
  • Average: $420,652 (-4.1% 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 35.2 miles — 209 listings ($93,811,952 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49431Ludington, MI 494310.0 mi47$19,933,875$363,000$424,125
49405Custer, MI 4940511.2 mi6$1,689,690$299,900$281,615
49449Pentwater, MI 4944912.0 mi12$6,721,380$412,000$560,115
49402Branch, MI 4940218.3 mi5$2,744,875$611,750$548,975
49626Eastlake, MI 4962619.4 mi3$712,200$237,400$237,400
49436Mears, MI 4943620.4 mi18$15,499,044$367,475$861,058
49455Shelby, MI 4945525.1 mi25$6,308,375$214,000$252,335
49304Baldwin, MI 4930426.4 mi37$16,622,805$221,175$449,265
49689Wellston, MI 4968929.1 mi8$1,210,904$139,900$151,363
49309Bitely, MI 4930929.8 mi9$2,906,757$340,000$322,973
49421Hesperia, MI 4942130.7 mi25$7,180,175$250,000$287,207
49452Rothbury, MI 4945232.5 mi5$1,552,900$354,975$310,580
49656Luther, MI 4965635.2 mi9$10,728,972$227,725$1,192,108

Frequently Asked Questions

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

As of March 2026, there are 54 active listings in LUDINGTON, MI (zip code 49431), compared to 35 the prior year.

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

The median listing price in LUDINGTON, MI 49431 is $361,250 as of March 2026, a 10.8% decrease from $405,000 the prior year.

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

Homes in LUDINGTON, MI 49431 spend an average of 74 days on the market before going under contract, compared to 113 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 March 2026, LUDINGTON, MI 49431 is currently a Balanced Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are selling faster, averaging 74 days on market compared to 113 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 $7,225 compared to a typical 5% commission on the median listing price of $361,250. 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.