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Featured local agent — Ithaca, MI
Sarah Mitchell
Compass Real Estate · Ithaca, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ithaca, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$82,000median sale price
How is the Ithaca, MI housing market right now?
The median home sale price in Ithaca, MI is $82,000, down 64.3% year-over-year. Homes sell in an average of 99 days with 11 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 Ithaca a buyer's or seller's market?
Ithaca, MI is currently a buyer's market, based on 5.5 months of supply and homes selling in about 99 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
99
Average pace
Active listings
11
5.5 months supply
Sale-to-list
89.6%
Below asking
What does the Ithaca housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $82,000 |
| Median list price | $202,000 |
| Year-over-year price change | -64.3% |
| Average days on market | 99 days |
| Active inventory | 11 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 89.6% |
| Median price per sq ft | $76/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 8 |
| Listings with a price cut | 36.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Ithaca by property type?
How the Ithaca, 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 | $82,000 | $76/sq ft | 2 | 99 days |
Source: Redfin · Updated monthly
The Ithaca housing market is currently classified as a buyer's market with a median sale price of $82,000. Prices have fallen 64.3% compared to last year, with homes spending an average of 99 days on market, indicating 5.5 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Ithaca
There are currently 11 homes listed for sale in Ithaca, Michigan. The median listing price is $202K.
Active listings
11
Homes on market
Median list price
$202K
Avg. days on market
99
Days until sale
New this week
8
Newly listed
Who lives in Ithaca?
Population
2,831
Median income
$62,375/yr
Median age
42.7 years
Owner-occupied
71.1%
College grads
28.2%
Avg commute
22.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Ithaca?
Zillow home value
$203,515
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Ithaca?
Ithaca is a community of approximately 3K residents with a median age of 42.7 years.The median household income is $62,375, which represents a working-class community with solid middle-income opportunities. 28.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ithaca offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ithaca?
3 schools tracked · 993 students
The largest public schools serving Ithaca, 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.
Ithaca High School
Grades 7-12 · 454 students
North Elementary School
Grades 3-6 · 307 students
South Elementary School
Grades PK-2 · 232 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 Ithaca, MI?
Want a head-to-head view? Compare Ithaca side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ithaca?
The median home sale price in Ithaca is $82,000, down 64.3% from last year.
How long do homes stay on market in Ithaca?
Homes typically spend 99 days on market before going under contract.
What is the median income in Ithaca?
The median household income is $62,375 per year.
Is Ithaca a buyer's or seller's market?
With 5.5 months of supply, Ithaca is currently a buyer's market.
What is the Zillow home value estimate for Ithaca?
The Zillow Home Value Index (ZHVI) for Ithaca is $203,515, representing the typical home value in the area.
How much does a single-family home cost in Ithaca?
The median single-family home price in Ithaca, MI is $82,000 (about $76 per square foot).
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