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Featured local agent — Marquette, MI
Sarah Mitchell
Compass Real Estate · Marquette, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Marquette, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$414,950median sale price
How is the Marquette, MI housing market right now?
The median home sale price in Marquette, MI is $414,950, down 2.4% year-over-year. Homes sell in an average of 67 days with 34 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 Marquette a buyer's or seller's market?
Marquette, MI is currently a seller's market, based on 2.6 months of supply and homes selling in about 67 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
67
Average pace
Active listings
34
2.6 months supply
Sale-to-list
101.6%
Above asking
What does the Marquette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $414,950 |
| Median list price | $292,500 |
| Year-over-year price change | -2.4% |
| Average days on market | 67 days |
| Active inventory | 34 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $282/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 20 |
| Listings with a price cut | 23.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Marquette by property type?
How the Marquette, 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 | $433,750 | $287/sq ft | 10 | 50 days |
| Condo / Co-op | $419,900 | $401/sq ft | 1 | 661 days |
| Townhouse | $690,000 | $334/sq ft | 1 | 90 days |
Source: Redfin · Updated monthly
The Marquette housing market is currently classified as a seller's market with a median sale price of $414,950. Prices have fallen 2.4% compared to last year, with homes spending an average of 67 days on market, indicating 2.6 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 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Marquette
There are currently 34 homes listed for sale in Marquette, Michigan. The median listing price is $292K.
Active listings
34
Homes on market
Median list price
$292K
Avg. days on market
67
Days until sale
New this week
20
Newly listed
Who lives in Marquette?
Population
20,691
Median income
$55,825/yr
Median age
31.2 years
Owner-occupied
48.8%
College grads
46.2%
Avg commute
13 min
Source: U.S. Census Bureau ACS
What are homes worth in Marquette?
Zillow home value
$348,066
Zillow rent index
$1,476/mo
Price-to-rent ratio
19.7x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Marquette?
Marquette is a community of approximately 21K residents with a median age of 31.2 years.The median household income is $55,825, which represents a working-class community with solid middle-income opportunities. 46.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 48.8%, showing a blend of owner and renter-occupied properties. The average commute time is 13 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Marquette offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Marquette?
10 schools tracked · 3,411 students
The largest public schools serving Marquette, 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.
Marquette Senior High School
Grades 7-12 · 953 students
Bothwell Middle School
Grades 5-8 · 699 students
Cherry Creek Elementary School
Grades K-5 · 410 students
Superior Hills Elementary School
Grades PK-5 · 381 students
Sandy Knoll School
Grades PK-5 · 315 students
Graveraet Elementary School
Grades K-5 · 287 students
North Star Montessori Academy
Grades PK-12 · 191 students
Vandenboom Alternative High School
Grades 9-12 · 151 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 Marquette, MI?
Want a head-to-head view? Compare Marquette side-by-side with any other U.S. city using our market-comparison tool.
Is Marquette a good real estate investment market?
For investors evaluating Marquette, the price-to-rent ratio of 19.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Marquette's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Marquette's median home price.
Frequently asked questions
What is the average home price in Marquette?
The median home sale price in Marquette is $414,950, down 2.4% from last year.
How long do homes stay on market in Marquette?
Homes typically spend 67 days on market before going under contract.
What is the median income in Marquette?
The median household income is $55,825 per year.
Is Marquette a buyer's or seller's market?
With 2.6 months of supply, Marquette is currently a seller's market.
What is the Zillow home value estimate for Marquette?
The Zillow Home Value Index (ZHVI) for Marquette is $348,066, representing the typical home value in the area.
What is the median condo price in Marquette?
The median condo/co-op sale price in Marquette, MI is $419,900, compared to $433,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Marquette?
The median single-family home price in Marquette, MI is $433,750 (about $287 per square foot).
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