Brokers — List your Company Here
Featured local agent — Elsie, MI
Sarah Mitchell
Compass Real Estate · Elsie, 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.
Elsie, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$130,800median sale price
How is the Elsie, MI housing market right now?
The median home sale price in Elsie, MI is $130,800. Homes sell in an average of 70 days with 4 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elsie a buyer's or seller's market?
Elsie, MI is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
70
Average pace
Active listings
4
4.0 months supply
Sale-to-list
97.0%
Below asking
What does the Elsie housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $130,800 |
| Median list price | $219,000 |
| Average days on market | 70 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $132/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Elsie by property type?
How the Elsie, 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 | $130,800 | $132/sq ft | 1 | 70 days |
Source: Redfin · Updated monthly
The Elsie housing market is currently classified as a leaning buyer's with a median sale price of $130,800. Prices have fallen 0.0% compared to last year, with homes spending an average of 70 days on market, indicating 4.0 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Elsie
There are currently 4 homes listed for sale in Elsie, Michigan. The median listing price is $219K.
Active listings
4
Homes on market
Median list price
$219K
Avg. days on market
70
Days until sale
New this week
1
Newly listed
Who lives in Elsie?
Population
951
Median income
$55,000/yr
Median age
42 years
Owner-occupied
80.2%
College grads
7.6%
Avg commute
30.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Elsie?
Zillow home value
$206,932
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Elsie?
Elsie is a community of approximately 1K residents with a median age of 42 years.The median household income is $55,000, which represents a working-class community with solid middle-income opportunities. 7.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Elsie offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elsie?
4 schools tracked · 2,393 students
The largest public schools serving Elsie, 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.
Michigan International Prep School
Grades K-12 · 1,429 students
OvidElsie High School
Grades 9-12 · 397 students
OvidElsie Middle School
Grades 6-8 · 319 students
EE Knight Elementary School
Grades 3-5 · 248 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 Elsie, MI?
Want a head-to-head view? Compare Elsie side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elsie?
The median home sale price in Elsie is $130,800, down 0.0% from last year.
How long do homes stay on market in Elsie?
Homes typically spend 70 days on market before going under contract.
What is the median income in Elsie?
The median household income is $55,000 per year.
Is Elsie a buyer's or seller's market?
With 4.0 months of supply, Elsie is currently a leaning buyer's.
What is the Zillow home value estimate for Elsie?
The Zillow Home Value Index (ZHVI) for Elsie is $206,932, representing the typical home value in the area.
How much does a single-family home cost in Elsie?
The median single-family home price in Elsie, MI is $130,800 (about $132 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Elsie, 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 Elsie market alerts
Weekly updates on prices, inventory, and trends. Free forever.