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Featured local agent — Luna Pier, MI
Sarah Mitchell
Compass Real Estate · Luna Pier, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Luna Pier, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$177,500median sale price
How is the Luna Pier, MI housing market right now?
The median home sale price in Luna Pier, MI is $177,500, down 6.1% year-over-year. Homes sell in an average of 45 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 Luna Pier a buyer's or seller's market?
Luna Pier, MI is currently a seller's market, based on 2.5 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
45
Average pace
Active listings
5
2.5 months supply
Sale-to-list
97.3%
Below asking
What does the Luna Pier housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $177,500 |
| Median list price | $244,900 |
| Year-over-year price change | -6.1% |
| Average days on market | 45 days |
| Active inventory | 5 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Listings with a price cut | 20.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Luna Pier by property type?
How the Luna Pier, 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 | $175,000 | $96/sq ft | 1 | 18 days |
| Condo / Co-op | $177,500 | $176/sq ft | 2 | 45 days |
Source: Redfin · Updated monthly
The Luna Pier housing market is currently classified as a seller's market with a median sale price of $177,500. Prices have fallen 6.1% compared to last year, with homes spending an average of 45 days on market, indicating 2.5 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Luna Pier
There are currently 5 homes listed for sale in Luna Pier, Michigan. The median listing price is $245K.
Active listings
5
Homes on market
Median list price
$245K
Avg. days on market
45
Days until sale
New this week
2
Newly listed
Who lives in Luna Pier?
Population
1,204
Median income
$51,830/yr
Median age
48.8 years
Owner-occupied
79.3%
College grads
20.9%
Avg commute
28.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Luna Pier?
Zillow home value
$195,089
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Luna Pier?
Luna Pier is a community of approximately 1K residents with a median age of 48.8 years.The median household income is $51,830, which represents a working-class community with solid middle-income opportunities. 20.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Luna Pier offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Luna Pier, MI?
Want a head-to-head view? Compare Luna Pier side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Luna Pier?
The median home sale price in Luna Pier is $177,500, down 6.1% from last year.
How long do homes stay on market in Luna Pier?
Homes typically spend 45 days on market before going under contract.
What is the median income in Luna Pier?
The median household income is $51,830 per year.
Is Luna Pier a buyer's or seller's market?
With 2.5 months of supply, Luna Pier is currently a seller's market.
What is the Zillow home value estimate for Luna Pier?
The Zillow Home Value Index (ZHVI) for Luna Pier is $195,089, representing the typical home value in the area.
What is the median condo price in Luna Pier?
The median condo/co-op sale price in Luna Pier, MI is $177,500, compared to $175,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Luna Pier?
The median single-family home price in Luna Pier, MI is $175,000 (about $96 per square foot).
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