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Featured local agent — Empire, MI
Sarah Mitchell
Compass Real Estate · Empire, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Empire, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$509,000median sale price
How is the Empire, MI housing market right now?
The median home sale price in Empire, MI is $509,000, down 30.0% year-over-year. Homes sell in an average of 14 days with 5 active listings. The market is currently a balanced market. (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 Empire a buyer's or seller's market?
Empire, MI is currently a balanced market, based on 5.0 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
14
Fast-moving
Active listings
5
5.0 months supply
Sale-to-list
102.0%
Above asking
What does the Empire housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $509,000 |
| Median list price | $557,250 |
| Year-over-year price change | -30.0% |
| Average days on market | 14 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 102.0% |
| Median price per sq ft | $381/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 6 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Empire by property type?
How the Empire, 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 | $509,000 | $381/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Empire housing market is currently classified as a balanced market with a median sale price of $509,000. Prices have fallen 30.0% compared to last year, with homes spending an average of 14 days on market, indicating 5.0 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 8.6x provides context for how home values compare to local earning capacity.
Homes for sale in Empire
There are currently 5 homes listed for sale in Empire, Michigan. The median listing price is $557K.
Active listings
5
Homes on market
Median list price
$557K
Avg. days on market
14
Days until sale
New this week
6
Newly listed
Who lives in Empire?
Population
384
Median income
$75,938/yr
Median age
63.7 years
Owner-occupied
81.9%
College grads
51.3%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in Empire?
Zillow home value
$654,541
Price-to-income
8.6x
Source: Zillow Research
What is it like to live in Empire?
Empire is a community of approximately 0K residents with a median age of 63.7 years.The median household income is $75,938, which reflects a relatively affluent area with strong earning potential. 51.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Empire offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Empire, MI?
Want a head-to-head view? Compare Empire side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Empire?
The median home sale price in Empire is $509,000, down 30.0% from last year.
How long do homes stay on market in Empire?
Homes typically spend 14 days on market before going under contract.
What is the median income in Empire?
The median household income is $75,938 per year.
Is Empire a buyer's or seller's market?
With 5.0 months of supply, Empire is currently a balanced market.
What is the Zillow home value estimate for Empire?
The Zillow Home Value Index (ZHVI) for Empire is $654,541, representing the typical home value in the area.
How much does a single-family home cost in Empire?
The median single-family home price in Empire, MI is $509,000 (about $381 per square foot).
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