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Featured local agent — Allegan, MI
Sarah Mitchell
Compass Real Estate · Allegan, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Allegan, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$232,000median sale price
How is the Allegan, MI housing market right now?
The median home sale price in Allegan, MI is $232,000, down 17.1% year-over-year. Homes sell in an average of 17 days with 14 active listings. The market is currently a seller's 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 Allegan a buyer's or seller's market?
Allegan, MI is currently a seller's market, based on 1.8 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
17
Fast-moving
Active listings
14
1.8 months supply
Sale-to-list
100.0%
Below asking
What does the Allegan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $232,000 |
| Median list price | $247,000 |
| Year-over-year price change | -17.1% |
| Average days on market | 17 days |
| Active inventory | 14 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $146/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 12 |
| Listings with a price cut | 35.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Allegan by property type?
How the Allegan, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $232,000 | $146/sq ft | 8 | 17 days |
| Condo / Co-op | $220,000 | $195/sq ft | 1 | 107 days |
Source: Redfin · Updated monthly
The Allegan housing market is currently classified as a seller's market with a median sale price of $232,000. Prices have fallen 17.1% compared to last year, with homes spending an average of 17 days on market, indicating 1.8 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 6.8x provides context for how home values compare to local earning capacity.
Homes for sale in Allegan
There are currently 14 homes listed for sale in Allegan, Michigan. The median listing price is $247K.
Active listings
14
Homes on market
Median list price
$247K
Avg. days on market
17
Days until sale
New this week
12
Newly listed
Who lives in Allegan?
Population
5,182
Median income
$42,261/yr
Median age
32.4 years
Owner-occupied
67.2%
College grads
15.3%
Avg commute
22.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Allegan?
Zillow home value
$286,994
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Allegan?
Allegan is a community of approximately 5K residents with a median age of 32.4 years.The median household income is $42,261, which represents a working-class community with solid middle-income opportunities. 15.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Allegan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Allegan?
12 schools tracked · 2,281 students
The largest public schools serving Allegan, MI 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.
Allegan High School
Grades 9-12 · 614 students
LE White Middle School
Grades 6-8 · 436 students
Pine Trails Elementary School
Grades PK-5 · 339 students
Dawson Elementary School
Grades K-5 · 286 students
West Ward Elementary School
Grades K-5 · 245 students
Allegan Alternative High School
Grades 9-12 · 118 students
Hillside Learning Center
Grades PK-12 · 97 students
Outlook Academy
Grades 6-12 · 50 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 Allegan, MI?
Want a head-to-head view? Compare Allegan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Allegan?
The median home sale price in Allegan is $232,000, down 17.1% from last year.
How long do homes stay on market in Allegan?
Homes typically spend 17 days on market before going under contract.
What is the median income in Allegan?
The median household income is $42,261 per year.
Is Allegan a buyer's or seller's market?
With 1.8 months of supply, Allegan is currently a seller's market.
What is the Zillow home value estimate for Allegan?
The Zillow Home Value Index (ZHVI) for Allegan is $286,994, representing the typical home value in the area.
What is the median condo price in Allegan?
The median condo/co-op sale price in Allegan, MI is $220,000, compared to $232,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Allegan?
The median single-family home price in Allegan, MI is $232,000 (about $146 per square foot).
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