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Featured local agent — Millers Lake, MI
Sarah Mitchell
Compass Real Estate · Millers Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Millers Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$319,000median sale price
How is the Millers Lake, MI housing market right now?
The median home sale price in Millers Lake, MI is $319,000. Homes sell in an average of 198 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Millers Lake a buyer's or seller's market?
Millers Lake, MI is currently a seller's market, based on 1.0 months of supply and homes selling in about 198 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
198
Average pace
Active listings
1
1.0 months supply
Sale-to-list
100.0%
Above asking
What does the Millers Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $319,000 |
| Average days on market | 198 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $319/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Millers Lake by property type?
How the Millers Lake, 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 | $319,000 | $319/sq ft | 1 | 198 days |
Source: Redfin · Updated monthly
The Millers Lake housing market is currently classified as a seller's market with a median sale price of $319,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 198 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Millers Lake
There are currently 1 homes listed for sale in Millers Lake, Michigan.
Active listings
1
Homes on market
Avg. days on market
198
Days until sale
Who lives in Millers Lake?
Population
505
Median income
$68,068/yr
Median age
14.8 years
Owner-occupied
100.0%
College grads
59.5%
Source: U.S. Census Bureau ACS
What is it like to live in Millers Lake?
Millers Lake is a community of approximately 1K residents with a median age of 14.8 years.The median household income is $68,068, which represents a working-class community with solid middle-income opportunities. 59.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment.Overall, Millers Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Millers Lake, MI?
Want a head-to-head view? Compare Millers Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Millers Lake?
The median home sale price in Millers Lake is $319,000, down 0.0% from last year.
How long do homes stay on market in Millers Lake?
Homes typically spend 198 days on market before going under contract.
What is the median income in Millers Lake?
The median household income is $68,068 per year.
Is Millers Lake a buyer's or seller's market?
With 1.0 months of supply, Millers Lake is currently a seller's market.
How much does a single-family home cost in Millers Lake?
The median single-family home price in Millers Lake, MI is $319,000 (about $319 per square foot).
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