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Featured local agent — Houghton, MI
Sarah Mitchell
Compass Real Estate · Houghton, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Houghton, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$380,000median sale price
How is the Houghton, MI housing market right now?
The median home sale price in Houghton, MI is $380,000, up 40.8% year-over-year. Homes sell in an average of 56 days with 13 active listings. The market is currently a buyer'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 Houghton a buyer's or seller's market?
Houghton, MI is currently a buyer's market, based on 4.3 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
56
Average pace
Active listings
13
4.3 months supply
Sale-to-list
95.0%
Below asking
What does the Houghton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $380,000 |
| Median list price | $312,500 |
| Year-over-year price change | +40.8% |
| Average days on market | 56 days |
| Active inventory | 13 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 95.0% |
| Median price per sq ft | $125/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 4 |
| Listings with a price cut | 23.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Houghton by property type?
How the Houghton, 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 | $380,000 | $125/sq ft | 3 | 56 days |
Source: Redfin · Updated monthly
The Houghton housing market is currently classified as a buyer's market with a median sale price of $380,000. Prices have risen 40.8% compared to last year, with homes spending an average of 56 days on market, indicating 4.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
Homes for sale in Houghton
There are currently 13 homes listed for sale in Houghton, Michigan. The median listing price is $313K.
Active listings
13
Homes on market
Median list price
$313K
Avg. days on market
56
Days until sale
New this week
4
Newly listed
Who lives in Houghton?
Population
8,341
Median income
$35,417/yr
Median age
21.9 years
Owner-occupied
37.7%
College grads
65.7%
Avg commute
11.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Houghton?
Zillow home value
$276,641
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Houghton?
Houghton is a community of approximately 8K residents with a median age of 21.9 years.The median household income is $35,417, which represents a working-class community with solid middle-income opportunities. 65.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 37.7%, showing a blend of owner and renter-occupied properties. The average commute time is 11.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Houghton offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Houghton?
3 schools tracked · 1,478 students
The largest public schools serving Houghton, 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.
Houghton Elementary School
Grades K-5 · 654 students
Houghton Central High School
Grades 9-12 · 478 students
Houghton Middle School
Grades 6-8 · 346 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 Houghton, MI?
Want a head-to-head view? Compare Houghton side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Houghton?
The median home sale price in Houghton is $380,000, up 40.8% from last year.
How long do homes stay on market in Houghton?
Homes typically spend 56 days on market before going under contract.
What is the median income in Houghton?
The median household income is $35,417 per year.
Is Houghton a buyer's or seller's market?
With 4.3 months of supply, Houghton is currently a buyer's market.
What is the Zillow home value estimate for Houghton?
The Zillow Home Value Index (ZHVI) for Houghton is $276,641, representing the typical home value in the area.
How much does a single-family home cost in Houghton?
The median single-family home price in Houghton, MI is $380,000 (about $125 per square foot).
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