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Featured local agent — Escanaba, MI
Sarah Mitchell
Compass Real Estate · Escanaba, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Escanaba, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$155,000median sale price
How is the Escanaba, MI housing market right now?
The median home sale price in Escanaba, MI is $155,000, down 15.5% year-over-year. Homes sell in an average of 52 days with 23 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 Escanaba a buyer's or seller's market?
Escanaba, MI is currently a seller's market, based on 2.9 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
52
Average pace
Active listings
23
2.9 months supply
Sale-to-list
103.2%
Above asking
What does the Escanaba housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $155,000 |
| Median list price | $167,400 |
| Year-over-year price change | -15.5% |
| Average days on market | 52 days |
| Active inventory | 23 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 103.2% |
| Median price per sq ft | $160/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 12 |
| Listings with a price cut | 47.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Escanaba by property type?
How the Escanaba, 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 | $155,000 | $160/sq ft | 8 | 52 days |
| Condo / Co-op | $154,255 | $72/sq ft | 1 | 43 days |
Source: Redfin · Updated monthly
The Escanaba housing market is currently classified as a seller's market with a median sale price of $155,000. Prices have fallen 15.5% compared to last year, with homes spending an average of 52 days on market, indicating 2.9 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Escanaba
There are currently 23 homes listed for sale in Escanaba, Michigan. The median listing price is $167K.
Active listings
23
Homes on market
Median list price
$167K
Avg. days on market
52
Days until sale
New this week
12
Newly listed
Who lives in Escanaba?
Population
12,374
Median income
$40,169/yr
Median age
43.5 years
Owner-occupied
58.6%
College grads
18.9%
Avg commute
11.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Escanaba?
Zillow home value
$185,436
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Escanaba?
Escanaba is a community of approximately 12K residents with a median age of 43.5 years.The median household income is $40,169, which represents a working-class community with solid middle-income opportunities. 18.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.6%, showing a blend of owner and renter-occupied properties. The average commute time is 11.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Escanaba offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Escanaba?
8 schools tracked · 2,231 students
The largest public schools serving Escanaba, 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.
Escanaba JuniorSenior High School
Grades 6-12 · 1,091 students
Escanaba Upper Elementary
Grades 3-5 · 441 students
Lemmer Elementary School
Grades 1-2 · 287 students
Webster Kindergarten Center
Grades K · 226 students
Escanaba Student Success Center
Grades 8-12 · 86 students
Learning Center
Grades PK-12 · 72 students
Bay Pines Center
Grades 6-12 · 28 students
DeltaSchoolcraft Area Center
Grades 10-12
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 Escanaba, MI?
Want a head-to-head view? Compare Escanaba side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Escanaba?
The median home sale price in Escanaba is $155,000, down 15.5% from last year.
How long do homes stay on market in Escanaba?
Homes typically spend 52 days on market before going under contract.
What is the median income in Escanaba?
The median household income is $40,169 per year.
Is Escanaba a buyer's or seller's market?
With 2.9 months of supply, Escanaba is currently a seller's market.
What is the Zillow home value estimate for Escanaba?
The Zillow Home Value Index (ZHVI) for Escanaba is $185,436, representing the typical home value in the area.
What is the median condo price in Escanaba?
The median condo/co-op sale price in Escanaba, MI is $154,255, compared to $155,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Escanaba?
The median single-family home price in Escanaba, MI is $155,000 (about $160 per square foot).
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