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Featured local agent — Laurium, MI
Sarah Mitchell
Compass Real Estate · Laurium, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Laurium, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$118,750median sale price
How is the Laurium, MI housing market right now?
The median home sale price in Laurium, MI is $118,750, down 15.2% year-over-year. Homes sell in an average of 176 days with 13 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 Laurium a buyer's or seller's market?
Laurium, MI is currently a leaning buyer's, based on 6.5 months of supply and homes selling in about 176 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
176
Average pace
Active listings
13
6.5 months supply
Sale-to-list
100.1%
Above asking
What does the Laurium housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $118,750 |
| Median list price | $179,500 |
| Year-over-year price change | -15.2% |
| Average days on market | 176 days |
| Active inventory | 13 listings |
| Months of supply | 6.5 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $72/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 6 |
| Listings with a price cut | 30.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Laurium by property type?
How the Laurium, 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 | $118,750 | $72/sq ft | 2 | 176 days |
| Condo / Co-op | $154,000 | $65/sq ft | 1 | 75 days |
Source: Redfin · Updated monthly
The Laurium housing market is currently classified as a leaning buyer's with a median sale price of $118,750. Prices have fallen 15.2% compared to last year, with homes spending an average of 176 days on market, indicating 6.5 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 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Laurium
There are currently 13 homes listed for sale in Laurium, Michigan. The median listing price is $180K.
Active listings
13
Homes on market
Median list price
$180K
Avg. days on market
176
Days until sale
New this week
6
Newly listed
Who lives in Laurium?
Population
1,486
Median income
$42,206/yr
Median age
48.3 years
Owner-occupied
70.7%
College grads
32.7%
Avg commute
15.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Laurium?
Zillow home value
$132,058
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Laurium?
Laurium is a community of approximately 1K residents with a median age of 48.3 years.The median household income is $42,206, which represents a working-class community with solid middle-income opportunities. 32.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 15.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Laurium offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Laurium, MI?
Want a head-to-head view? Compare Laurium side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Laurium?
The median home sale price in Laurium is $118,750, down 15.2% from last year.
How long do homes stay on market in Laurium?
Homes typically spend 176 days on market before going under contract.
What is the median income in Laurium?
The median household income is $42,206 per year.
Is Laurium a buyer's or seller's market?
With 6.5 months of supply, Laurium is currently a leaning buyer's.
What is the Zillow home value estimate for Laurium?
The Zillow Home Value Index (ZHVI) for Laurium is $132,058, representing the typical home value in the area.
What is the median condo price in Laurium?
The median condo/co-op sale price in Laurium, MI is $154,000, compared to $118,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Laurium?
The median single-family home price in Laurium, MI is $118,750 (about $72 per square foot).
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