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Featured local agent — Barnes Lake-Millers Lake, MI
Sarah Mitchell
Compass Real Estate · Barnes Lake-Millers Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Barnes Lake-Millers Lake, MI Housing Market
The last median sale price Redfin published was $324,495 (through May 2026). With 2.0 months of supply and homes going under contract in about 103 days, Barnes Lake-Millers Lake is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $324,495 home is about $1,732/mo in principal and interest.
Key numbers for Barnes Lake-Millers Lake, MI
Median sale price
$324,495
Last published period
Redfin, through February 2026
Days on market
103
Slow-moving
Redfin, through February 2026
Active listings
4
2.0 months of supply
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through February 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Barnes Lake-Millers Lake a buyer's or seller's market?
Barnes Lake-Millers Lake, MI is a balanced market, based on 2.0 months of supply and homes selling in about 103 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Barnes Lake-Millers Lake housing market data show?
Every row below is Redfin's final published month for Barnes Lake-Millers Lake, MI. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $324,495 |
| Median price per sq ft | $252/sq ft |
| Median days on market | 103 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Barnes Lake-Millers Lake is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Barnes Lake-Millers Lake is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Barnes Lake-Millers Lake home prices moved?
Over the last three years the median sale price in Barnes Lake-Millers Lake, MI rose 58.3%, from $205,000 to $324,495. 25.0% of Barnes Lake-Millers Lake listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Barnes Lake-Millers Lake?
Priced off the median sale price of $324,495 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $64,899 | $259,596 | $1,732/mo |
| 5% | $16,225 | $308,270 | $2,057/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,732, that implies roughly $74,243 a year before you add taxes and insurance. We do not hold a Census income figure for Barnes Lake-Millers Lake, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Barnes Lake-Millers Lake in the next 12 months?
Tell us your timeline. We send the Barnes Lake-Millers Lake market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Barnes Lake-Millers Lake?
Zillow does not publish a rent index (ZORI) for Barnes Lake-Millers Lake, MI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Barnes Lake-Millers Lake?
Active listings in Barnes Lake-Millers Lake, MI went from 4 in November 2024 to 4 in February 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| December 2024 | 3 | 2 |
| January 2025 | 3 | 1 |
| March 2025 | 6 | 2 |
| May 2025 | 9 | 5 |
| June 2025 | 9 | 3 |
| July 2025 | 8 | 3 |
| August 2025 | 7 | 3 |
| September 2025 | 5 | 1 |
| October 2025 | 6 | 4 |
| November 2025 | 4 | not published |
| December 2025 | 4 | 1 |
| February 2026 | 4 | not published |
Redfin, through February 2026
How does Barnes Lake-Millers Lake compare to Michigan and the U.S.?
Barnes Lake-Millers Lake homes sell for $324,495 — 9% above the Michigan median of $297,900. Against the national median of $410,700, Barnes Lake-Millers Lake runs 21% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Barnes Lake-Millers Lake, MI | $324,495 | not published | 103 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Barnes Lake-Millers Lake
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $325 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $324,495 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Barnes Lake-Millers Lake listing goes under contract in 103 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Barnes Lake-Millers Lake varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Barnes Lake-Millers Lake
There are currently 4 homes listed for sale in Barnes Lake-Millers Lake, Michigan.
Active listings
4
Homes on market
Avg. days on market
103
Days until sale
How much do homes cost in Barnes Lake-Millers Lake by property type?
How the Barnes Lake-Millers Lake, MI market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $324,495 | $252/sq ft | 2 | 103 days |
Which cities are near Barnes Lake-Millers Lake, MI?
Ordered by distance from Barnes Lake-Millers Lake, not by size. Compare Barnes Lake-Millers Lake side by side with any of them.
Barnes Lake-Millers Lake housing market FAQ
Is Barnes Lake-Millers Lake a buyer's or seller's market?
Barnes Lake-Millers Lake, MI is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 103 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Barnes Lake-Millers Lake?
The median sale price in the last month Redfin published was $324,495, about $252 per square foot.
Is Barnes Lake-Millers Lake cheaper than the rest of Michigan?
Barnes Lake-Millers Lake's median sale price of $324,495 is 9% higher than the Michigan statewide median of $297,900, and 21% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Barnes Lake-Millers Lake?
Homes in Barnes Lake-Millers Lake, MI spent a median of 103 days on market before going under contract, versus 24 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Barnes Lake-Millers Lake?
At the current 30-year fixed rate of 7.03%, 20% down on a $324,495 home is about $1,732 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $74,243 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Barnes Lake-Millers Lake?
We do not hold a complete 12-month value series for Barnes Lake-Millers Lake, MI yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Barnes Lake-Millers Lake?
Barnes Lake-Millers Lake ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Barnes Lake-Millers Lake?
That depends on your timeline, not on a headline. What the data says today: Barnes Lake-Millers Lake, MI is a balanced market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $324,495, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.