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Featured local agent — Cedar, MI
Sarah Mitchell
Compass Real Estate · Cedar, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cedar, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$312,000median sale price
How is the Cedar, MI housing market right now?
The median home sale price in Cedar, MI is $312,000. Homes sell in an average of 29 days with 8 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 Cedar a buyer's or seller's market?
Cedar, MI is currently a balanced market, based on 8.0 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
29
Average pace
Active listings
8
8.0 months supply
Sale-to-list
107.6%
Above asking
What does the Cedar housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $312,000 |
| Median list price | $319,000 |
| Average days on market | 29 days |
| Active inventory | 8 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 107.6% |
| Median price per sq ft | $257/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 75.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cedar by property type?
How the Cedar, 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 | $312,000 | $257/sq ft | 1 | 29 days |
| Condo / Co-op | $348,000 | $266/sq ft | 2 | 118 days |
Source: Redfin · Updated monthly
The Cedar housing market is currently classified as a balanced market with a median sale price of $312,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 29 days on market, indicating 8.0 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 10.2x provides context for how home values compare to local earning capacity.
Homes for sale in Cedar
There are currently 8 homes listed for sale in Cedar, Michigan. The median listing price is $319K.
Active listings
8
Homes on market
Median list price
$319K
Avg. days on market
29
Days until sale
New this week
3
Newly listed
Who lives in Cedar?
Population
26
Median income
$51,875/yr
Median age
70.7 years
Owner-occupied
47.8%
College grads
69.2%
Avg commute
14.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Cedar?
Zillow home value
$529,012
Price-to-income
10.2x
Source: Zillow Research
What is it like to live in Cedar?
Cedar is a community of approximately 0K residents with a median age of 70.7 years.The median household income is $51,875, which represents a working-class community with solid middle-income opportunities. 69.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 47.8%, showing a blend of owner and renter-occupied properties. The average commute time is 14.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cedar offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cedar, MI?
Want a head-to-head view? Compare Cedar side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cedar?
The median home sale price in Cedar is $312,000, down 0.0% from last year.
How long do homes stay on market in Cedar?
Homes typically spend 29 days on market before going under contract.
What is the median income in Cedar?
The median household income is $51,875 per year.
Is Cedar a buyer's or seller's market?
With 8.0 months of supply, Cedar is currently a balanced market.
What is the Zillow home value estimate for Cedar?
The Zillow Home Value Index (ZHVI) for Cedar is $529,012, representing the typical home value in the area.
What is the median condo price in Cedar?
The median condo/co-op sale price in Cedar, MI is $348,000, compared to $312,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cedar?
The median single-family home price in Cedar, MI is $312,000 (about $257 per square foot).
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