Houghton, MI metro area Housing Market
Cool MarketComprehensive housing market data for the Houghton, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$146K
↓ 0.4% YoY
Days on Market
83 days
↓ 8.8% YoY
Active Inventory
77
↑ 16.7% YoY
Homes Sold
16
↑ 14.3% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Houghton, MI metro area Market Summary
The Houghton, MI metro area housing market is cooling down. As of January 2026, the median home sale price is $146K, down 0.4% year-over-year. Homes are spending a median of 83 days on the market, 8.8% shorter than a year ago.
There are 77 homes for sale — 16.7% more than last year. With 4.8 months of supply, this is a balanced market. 11 new listings were added during this period, up 10.0% year-over-year.
Homes are selling for 100.9% of their list price on average, indicating buyers are paying above asking. 31.3% of homes sell above their asking price. 9.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
70
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 65% below the national median, which could indicate stronger cash flow potential.
Houghton, MI metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$215K
Price per Sq Ft
$108
Sale-to-List Ratio
100.9%
Months of Supply
4.8
Sold Above List
31.3%
Price Drops
9.1%
New Listings
11
↑ 10.0% YoY
Pending Sales
16
Off Market in 2 Weeks
6.3%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.