Brokers — List your Company Here
Featured local agent — Buchanan, MI
Sarah Mitchell
Compass Real Estate · Buchanan, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Buchanan, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,000median sale price
How is the Buchanan, MI housing market right now?
The median home sale price in Buchanan, MI is $230,000, up 5.5% year-over-year. Homes sell in an average of 46 days with 9 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 Buchanan a buyer's or seller's market?
Buchanan, MI is currently a seller's market, based on 1.1 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
46
Average pace
Active listings
9
1.1 months supply
Sale-to-list
99.5%
Below asking
What does the Buchanan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $184,500 |
| Year-over-year price change | +5.5% |
| Average days on market | 46 days |
| Active inventory | 9 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $185/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 6 |
| Listings with a price cut | 44.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Buchanan by property type?
How the Buchanan, 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 | $230,000 | $185/sq ft | 8 | 46 days |
Source: Redfin · Updated monthly
The Buchanan housing market is currently classified as a seller's market with a median sale price of $230,000. Prices have risen 5.5% compared to last year, with homes spending an average of 46 days on market, indicating 1.1 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 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Buchanan
There are currently 9 homes listed for sale in Buchanan, Michigan. The median listing price is $185K.
Active listings
9
Homes on market
Median list price
$185K
Avg. days on market
46
Days until sale
New this week
6
Newly listed
Who lives in Buchanan?
Population
4,259
Median income
$54,068/yr
Median age
32.9 years
Owner-occupied
56.0%
College grads
14.7%
Avg commute
19.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Buchanan?
Zillow home value
$238,105
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Buchanan?
Buchanan is a community of approximately 4K residents with a median age of 32.9 years.The median household income is $54,068, which represents a working-class community with solid middle-income opportunities. 14.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.0%, showing a blend of owner and renter-occupied properties. The average commute time is 19.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Buchanan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Buchanan?
6 schools tracked · 1,543 students
The largest public schools serving Buchanan, 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.
Buchanan High School
Grades 8-12 · 524 students
Moccasin Elementary School
Grades 2-4 · 366 students
Buchanan Middle School
Grades 5-7 · 345 students
Ottawa Elementary School
Grades PK-1 · 228 students
Buchanan Virtual Academy
Grades K-12 · 54 students
Buchanan Step Up
Grades K-12 · 26 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 Buchanan, MI?
Want a head-to-head view? Compare Buchanan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Buchanan?
The median home sale price in Buchanan is $230,000, up 5.5% from last year.
How long do homes stay on market in Buchanan?
Homes typically spend 46 days on market before going under contract.
What is the median income in Buchanan?
The median household income is $54,068 per year.
Is Buchanan a buyer's or seller's market?
With 1.1 months of supply, Buchanan is currently a seller's market.
What is the Zillow home value estimate for Buchanan?
The Zillow Home Value Index (ZHVI) for Buchanan is $238,105, representing the typical home value in the area.
How much does a single-family home cost in Buchanan?
The median single-family home price in Buchanan, MI is $230,000 (about $185 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Buchanan, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Buchanan market alerts
Weekly updates on prices, inventory, and trends. Free forever.