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Featured local agent — Gibraltar, MI
Sarah Mitchell
Compass Real Estate · Gibraltar, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gibraltar, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$215,000median sale price
How is the Gibraltar, MI housing market right now?
The median home sale price in Gibraltar, MI is $215,000, down 20.4% year-over-year. Homes sell in an average of 13 days with 5 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 Gibraltar a buyer's or seller's market?
Gibraltar, MI is currently a seller's market, based on 5.0 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
13
Fast-moving
Active listings
5
5.0 months supply
Sale-to-list
113.2%
Above asking
What does the Gibraltar housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $215,000 |
| Median list price | $249,999 |
| Year-over-year price change | -20.4% |
| Average days on market | 13 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 113.2% |
| Median price per sq ft | $138/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 7 |
| Listings with a price cut | 80.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gibraltar by property type?
How the Gibraltar, 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 | $215,000 | $138/sq ft | 1 | 13 days |
| Condo / Co-op | $197,000 | $235/sq ft | 1 | 34 days |
Source: Redfin · Updated monthly
The Gibraltar housing market is currently classified as a seller's market with a median sale price of $215,000. Prices have fallen 20.4% compared to last year, with homes spending an average of 13 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 2.6x provides context for how home values compare to local earning capacity.
Homes for sale in Gibraltar
There are currently 5 homes listed for sale in Gibraltar, Michigan. The median listing price is $250K.
Active listings
5
Homes on market
Median list price
$250K
Avg. days on market
13
Days until sale
New this week
7
Newly listed
Who lives in Gibraltar?
Population
4,937
Median income
$88,682/yr
Median age
48.4 years
Owner-occupied
79.7%
College grads
23.4%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Gibraltar?
Zillow home value
$234,939
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Gibraltar?
Gibraltar is a community of approximately 5K residents with a median age of 48.4 years.The median household income is $88,682, which reflects a relatively affluent area with strong earning potential. 23.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gibraltar offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gibraltar?
1 schools tracked · 109 students
The largest public schools serving Gibraltar, 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.
Lakeshore Virtual School
Grades K-12 · 109 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 Gibraltar, MI?
Want a head-to-head view? Compare Gibraltar side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gibraltar?
The median home sale price in Gibraltar is $215,000, down 20.4% from last year.
How long do homes stay on market in Gibraltar?
Homes typically spend 13 days on market before going under contract.
What is the median income in Gibraltar?
The median household income is $88,682 per year.
Is Gibraltar a buyer's or seller's market?
With 5.0 months of supply, Gibraltar is currently a seller's market.
What is the Zillow home value estimate for Gibraltar?
The Zillow Home Value Index (ZHVI) for Gibraltar is $234,939, representing the typical home value in the area.
What is the median condo price in Gibraltar?
The median condo/co-op sale price in Gibraltar, MI is $197,000, compared to $215,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gibraltar?
The median single-family home price in Gibraltar, MI is $215,000 (about $138 per square foot).
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