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Featured local agent — Michigan City, IN
Sarah Mitchell
Compass Real Estate · Michigan City, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Michigan City, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$195,000median sale price
How is the Michigan City, IN housing market right now?
The median home sale price in Michigan City, IN is $195,000, up 11.4% year-over-year. Homes sell in an average of 29 days with 103 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Michigan City a buyer's or seller's market?
Michigan City, IN is currently a balanced market, based on 3.6 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
29
Average pace
Active listings
103
3.6 months supply
Sale-to-list
98.1%
Below asking
What does the Michigan City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $195,000 |
| Median list price | $235,000 |
| Year-over-year price change | +11.4% |
| Average days on market | 29 days |
| Active inventory | 103 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $158/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 43 |
| Listings with a price cut | 30.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Michigan City by property type?
How the Michigan City, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $186,450 | $148/sq ft | 26 | 26 days |
| Condo / Co-op | $382,000 | $267/sq ft | 2 | 26 days |
| Townhouse | $272,000 | $186/sq ft | 1 | 88 days |
Source: Redfin · Updated monthly
The Michigan City housing market is currently classified as a balanced market with a median sale price of $195,000. Prices have risen 11.4% compared to last year, with homes spending an average of 29 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Michigan City
There are currently 103 homes listed for sale in Michigan City, Indiana. The median listing price is $235K.
Active listings
103
Homes on market
Median list price
$235K
Avg. days on market
29
Days until sale
New this week
43
Newly listed
Who lives in Michigan City?
Population
31,894
Median income
$52,979/yr
Median age
37.8 years
Owner-occupied
58.2%
College grads
18.8%
Avg commute
22 min
Source: U.S. Census Bureau ACS
What are homes worth in Michigan City?
Zillow home value
$195,740
Zillow rent index
$1,114/mo
Price-to-rent ratio
14.6x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Michigan City?
Michigan City is a community of approximately 32K residents with a median age of 37.8 years.The median household income is $52,979, which represents a working-class community with solid middle-income opportunities. 18.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Michigan City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Michigan City?
13 schools tracked · 5,010 students
The largest public schools serving Michigan City, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Michigan City High School
Grades 9-12 · 1,531 students
Joy Elementary School
Grades PK-6 · 426 students
Pine Elementary School
Grades PK-6 · 397 students
Knapp Elementary School
Grades PK-6 · 393 students
Barker Middle School
Grades 7-8 · 378 students
Lake Hills Elementary School
Grades K-6 · 361 students
Edgewood Elementary School
Grades K-6 · 347 students
Martin T Krueger Middle School
Grades 7-8 · 329 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Michigan City, IN?
Want a head-to-head view? Compare Michigan City side-by-side with any other U.S. city using our market-comparison tool.
Is Michigan City a good real estate investment market?
For investors evaluating Michigan City, the price-to-rent ratio of 14.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 11.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Michigan City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Michigan City's median home price.
Frequently asked questions
What is the average home price in Michigan City?
The median home sale price in Michigan City is $195,000, up 11.4% from last year.
How long do homes stay on market in Michigan City?
Homes typically spend 29 days on market before going under contract.
What is the median income in Michigan City?
The median household income is $52,979 per year.
Is Michigan City a buyer's or seller's market?
With 3.6 months of supply, Michigan City is currently a balanced market.
What is the Zillow home value estimate for Michigan City?
The Zillow Home Value Index (ZHVI) for Michigan City is $195,740, representing the typical home value in the area.
What is the median condo price in Michigan City?
The median condo/co-op sale price in Michigan City, IN is $382,000, compared to $186,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Michigan City?
The median single-family home price in Michigan City, IN is $186,450 (about $148 per square foot).
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