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Featured local agent — Imlay City, MI
Sarah Mitchell
Compass Real Estate · Imlay City, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Imlay City, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$322,500median sale price
How is the Imlay City, MI housing market right now?
The median home sale price in Imlay City, MI is $322,500, up 21.1% year-over-year. Homes sell in an average of 172 days with 9 active listings. The market is currently a leaning buyer's. (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 Imlay City a buyer's or seller's market?
Imlay City, MI is currently a leaning buyer's, based on 4.5 months of supply and homes selling in about 172 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
172
Average pace
Active listings
9
4.5 months supply
Sale-to-list
99.6%
Below asking
What does the Imlay City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $322,500 |
| Median list price | $250,000 |
| Year-over-year price change | +21.1% |
| Average days on market | 172 days |
| Active inventory | 9 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $201/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 44.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Imlay City by property type?
How the Imlay City, 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 | $322,500 | $201/sq ft | 2 | 172 days |
| Condo / Co-op | $254,900 | $211/sq ft | 1 | 95 days |
Source: Redfin · Updated monthly
The Imlay City housing market is currently classified as a leaning buyer's with a median sale price of $322,500. Prices have risen 21.1% compared to last year, with homes spending an average of 172 days on market, indicating 4.5 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 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Imlay City
There are currently 9 homes listed for sale in Imlay City, Michigan. The median listing price is $250K.
Active listings
9
Homes on market
Median list price
$250K
Avg. days on market
172
Days until sale
New this week
5
Newly listed
Who lives in Imlay City?
Population
3,706
Median income
$55,061/yr
Median age
35.3 years
Owner-occupied
53.8%
College grads
11.6%
Avg commute
29.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Imlay City?
Zillow home value
$289,687
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Imlay City?
Imlay City is a community of approximately 4K residents with a median age of 35.3 years.The median household income is $55,061, which represents a working-class community with solid middle-income opportunities. 11.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.8%, showing a blend of owner and renter-occupied properties. The average commute time is 29.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Imlay City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Imlay City?
5 schools tracked · 1,723 students
The largest public schools serving Imlay City, 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.
Imlay City High School
Grades 9-12 · 518 students
Borland Elementary School
Grades 3-5 · 391 students
Imlay City Middle School
Grades 6-8 · 388 students
Weston Elementary School
Grades PK-2 · 376 students
Venture High School
Grades 9-12 · 50 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 Imlay City, MI?
Want a head-to-head view? Compare Imlay City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Imlay City?
The median home sale price in Imlay City is $322,500, up 21.1% from last year.
How long do homes stay on market in Imlay City?
Homes typically spend 172 days on market before going under contract.
What is the median income in Imlay City?
The median household income is $55,061 per year.
Is Imlay City a buyer's or seller's market?
With 4.5 months of supply, Imlay City is currently a leaning buyer's.
What is the Zillow home value estimate for Imlay City?
The Zillow Home Value Index (ZHVI) for Imlay City is $289,687, representing the typical home value in the area.
What is the median condo price in Imlay City?
The median condo/co-op sale price in Imlay City, MI is $254,900, compared to $322,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Imlay City?
The median single-family home price in Imlay City, MI is $322,500 (about $201 per square foot).
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